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The Royalty Non-Exclusive License Agreement is essential for businesses and individuals seeking to utilize intellectual property rights while maintaining the owner's ability to license the same rights to others. This document is particularly relevant in the Indonesian market, where intellectual property commercialization is governed by specific regulations including Law No. 24 of 2019 on Creative Economy and Law No. 28 of 2014 on Copyright. The agreement is typically used when a licensor wishes to monetize their intellectual property through multiple channels while maintaining control over its usage. It includes crucial elements such as royalty calculation methods, payment schedules, quality control measures, and compliance with Indonesian regulatory requirements. This type of agreement is commonly used in various sectors from technology to creative industries, providing a structured framework for non-exclusive IP licensing while ensuring appropriate compensation through royalty payments.
