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The Limited Use License agreement is essential for businesses and individuals in New Zealand who wish to grant controlled access to their intellectual property, software, content, or other proprietary assets while maintaining ownership rights. This document type is commonly used when the owner of intellectual property wants to permit specific, limited use of their asset while retaining control over how it is used and distributed. The agreement must comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Copyright Act 1994, and Fair Trading Act 1986. It typically includes detailed terms regarding usage restrictions, duration, territory, payment terms, and termination conditions, making it suitable for various commercial arrangements where protected assets need to be licensed under strict conditions.
