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An Irrevocable License agreement under Danish law is utilized when a party wishes to grant permanent, non-revocable rights to another party to use specific intellectual property, technology, or protected assets. This document type is particularly crucial in situations requiring long-term certainty and security for the licensee's rights, such as significant technology implementations, critical business operations, or substantial investments based on the licensed rights. The agreement must carefully balance the permanent nature of the license grant with appropriate protections for both parties, while ensuring compliance with Danish legal requirements, including intellectual property laws, contract law, and competition regulations. This document type is especially relevant for technology transfers, software licensing, patent licensing, and other scenarios where the licensee requires guaranteed, continuous access to the licensed property.
