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The Sole License agreement is utilized when a rights owner wishes to grant exclusive usage rights to a single party while maintaining ownership. This document type is particularly relevant under Singapore's legal framework, which provides robust protection for intellectual property rights and licensing arrangements. The agreement typically includes detailed provisions for scope, territory, duration, payment terms, and quality control. A Sole License differs from other license types by ensuring the licensee is the only party authorized to use the licensed property within the specified parameters, making it particularly valuable for strategic business relationships and market expansion.
