Document background
This document is essential when a lending arrangement needs to be combined with licensing rights under New Zealand law. The Loan License Agreement is particularly useful in situations where financing is provided in conjunction with the right to use specific assets, intellectual property, or other licensed materials. It's commonly used in technology implementations, software deployments, or equipment financing where both funding and usage rights need to be documented. The agreement ensures compliance with New Zealand's financial regulations while protecting the interests of both the lender and borrower. It includes detailed provisions for loan terms, security arrangements, licensing conditions, usage restrictions, and termination rights. This type of agreement is particularly relevant in today's market where financing and licensing often go hand-in-hand in complex commercial arrangements.
