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An Exclusive Perpetual License is utilized when a rights holder wishes to permanently grant exclusive use of their intellectual property to another party while retaining ownership. This document type is particularly relevant in Singapore's IP-intensive economy, where it provides a secure framework for long-term IP commercialization. The agreement covers essential elements including scope of rights, territory, quality control, and payment terms, while adhering to Singapore's sophisticated IP legal framework. It's commonly used for significant IP assets where the licensee requires assurance of permanent, uninterrupted, and exclusive access to the licensed rights.
