Document background
This Non-Exclusive Royalty License agreement is essential for businesses seeking to monetize their intellectual property while maintaining flexibility to grant similar rights to multiple licensees. It is particularly relevant in situations where exclusive rights are not required or desired, and where the licensor wishes to maintain control over their intellectual property while generating revenue through royalty payments. The document, governed by Dutch law and compliant with EU regulations, includes comprehensive provisions for protecting the interests of both parties, establishing clear payment mechanisms, and ensuring quality control. It is commonly used in technology transfers, brand licensing, patent licensing, and similar arrangements where multiple market participants may need access to the same intellectual property. The agreement includes specific provisions required under Dutch law and addresses key aspects such as territory restrictions, field of use limitations, and competition law compliance.
