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This Non-Exclusive Perpetual License agreement template is designed for use in circumstances where a rights holder wishes to grant ongoing, non-exclusive usage rights to their intellectual property while retaining the ability to license the same IP to others. The document is structured in accordance with South African law and commercial practice, incorporating essential provisions for intellectual property protection, usage rights, payment terms, and compliance requirements. It is particularly suitable for software licensing, technology transfer, patent licensing, and other IP-intensive transactions where perpetual use rights are desired. The agreement includes comprehensive provisions for risk allocation, quality control, and dispute resolution, while maintaining flexibility to accommodate various types of intellectual property and commercial arrangements.
