Document background
The MoU License Agreement is a specialized document used when parties wish to establish preliminary licensing arrangements under Malaysian law while maintaining flexibility for future detailed negotiations. This document type is particularly relevant when organizations need to outline their intentions regarding intellectual property licensing, technology transfer, or other proprietary asset sharing arrangements. The document combines elements of both a traditional MoU and a license agreement, making it suitable for situations where parties want to document their preliminary understanding while working toward a more comprehensive licensing arrangement. It typically includes key terms such as the scope of the license, basic commercial terms, and fundamental obligations of both parties, while being governed by Malaysian law including the Contracts Act 1950 and relevant intellectual property legislation.
