Document background
The Master Toy License Agreement is essential for businesses seeking to manufacture and distribute toys based on licensed intellectual property in Germany and potentially other territories. This document is typically used when a rights holder (such as an entertainment company or character owner) wants to grant comprehensive rights to a toy manufacturer to create products based on their intellectual property. The agreement must comply with German law, including the Bürgerliches Gesetzbuch (BGB), product safety regulations, and EU toy safety directives. It includes detailed provisions for product development, quality control, safety standards, royalty calculations, and approval processes. The Master Toy License is particularly important as it often serves as the foundation for a long-term licensing relationship and may include provisions for multiple product lines, territories, and potential sublicensing arrangements.
