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This Non-Exclusive Perpetual License agreement is designed for use in situations where a permanent, non-exclusive license is required for intellectual property, technology, or other proprietary materials under Hong Kong law. It is particularly suitable for businesses seeking to monetize their intellectual property while retaining the flexibility to license to multiple users, or for organizations requiring long-term access to essential technologies or content. The document includes comprehensive provisions for license scope, payment terms, usage rights, and compliance with Hong Kong regulatory requirements. It addresses key considerations such as intellectual property protection, liability limitations, and termination rights, while maintaining the perpetual nature of the license. The agreement is structured to comply with Hong Kong's legal framework, including relevant ordinances governing intellectual property rights, contracts, and commercial transactions.
