Document background
The Perpetual License Agreement is designed for situations where a permanent grant of intellectual property rights is required under Malaysian law. It is commonly used for software licenses, technology transfers, and other intellectual property arrangements where the licensee needs long-term, uninterrupted access to the licensed property. The document addresses key aspects including license scope, technical requirements, support provisions, and compliance with Malaysian regulations such as the Contracts Act 1950 and Copyright Act 1987. It is particularly valuable for businesses seeking to establish a permanent licensing relationship without recurring license renewals, while ensuring proper protection of intellectual property rights and clear delineation of parties' obligations. The agreement includes provisions for termination in case of breach, despite its perpetual nature, and can be customized to include additional requirements such as source code escrow or specific technical support terms.
