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The International License Agreement is essential for businesses seeking to grant or receive rights to use intellectual property across international borders while operating under Nigerian law. This document is particularly relevant in today's globalized economy where intellectual property rights need to be protected and commercialized across different jurisdictions. It addresses critical aspects such as scope of license, territory restrictions, royalty structures, quality control measures, and compliance with Nigerian regulations including foreign exchange and local content requirements. The agreement is commonly used for technology transfers, software licensing, patent licensing, trademark usage, and other forms of IP commercialization where at least one party is operating internationally. It includes specific provisions to address cross-border challenges while ensuring compliance with Nigerian legal requirements and international best practices.
