Document background
The Right of First Refusal License Agreement is a crucial document in Dutch commercial practice, designed to protect a licensee's strategic interests while maintaining the licensor's ability to commercialize their intellectual property. This agreement type is commonly used when parties want to establish a controlled licensing relationship with potential for expansion, while ensuring the licensee has priority access to additional or future licensing opportunities. Under Dutch law (Burgerlijk Wetboek), the agreement must clearly define the trigger events, notice requirements, and exercise procedures for the right of first refusal. It's particularly valuable in scenarios involving technology licensing, patent rights, software licensing, or other intellectual property arrangements where maintaining control over future licensing opportunities is strategically important. The document needs to comply with both Dutch contract law principles and relevant EU regulations, particularly regarding competition law and, where applicable, data protection requirements.
