Document background
This Non Exclusive Royalty License agreement is essential for businesses seeking to monetize their intellectual property while maintaining control over their rights and the ability to license to multiple parties. The document is particularly relevant in the Belgian legal context, where it must comply with both national legislation (including the Belgian Code of Economic Law) and EU regulations. It establishes the framework for licensing intellectual property rights, including detailed provisions for royalty calculations, payment schedules, reporting requirements, and quality control measures. This type of agreement is commonly used when the licensor wishes to maintain flexibility in their licensing strategy while ensuring a steady revenue stream through royalty payments. The document includes specific provisions required under Belgian law and addresses key aspects such as territorial restrictions, permitted uses, and compliance with competition law requirements.
