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This Non-Exclusive Royalty License agreement is essential for businesses operating in Indonesia who wish to license intellectual property while maintaining the right to grant additional licenses to others. It's particularly relevant when intellectual property owners want to maximize their IP's commercial potential through multiple licensing arrangements while ensuring compliance with Indonesian regulations. The document addresses key aspects required under Indonesian law, including mandatory recording provisions, technology transfer regulations, and local competition law compliance. It's commonly used in scenarios involving technology licensing, brand licensing, patent usage rights, and similar IP arrangements where the licensor wishes to maintain flexibility in their licensing strategy while generating royalty income.
