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The Non-Exclusive Perpetual License is essential for businesses seeking to use intellectual property without requiring exclusivity, particularly in Singapore's technology-driven market. This document type is commonly used when organizations need ongoing, permanent access to intellectual property while the owner retains the right to license to multiple parties. Under Singapore law, these agreements must comply with the Copyright Act 2021 and related legislation, making them particularly suitable for technology transfers, software licensing, and content distribution arrangements. The agreement typically includes comprehensive terms covering usage rights, territorial scope, payment structures, and compliance requirements.
