Document background
An Exclusive License Agreement is a crucial commercial contract used when an intellectual property owner (Licensor) wishes to grant exclusive rights to another party (Licensee) to exploit specific intellectual property in the Philippines. This document is particularly important in scenarios involving valuable IP assets where the Licensee requires market exclusivity to justify significant investment in commercialization. The agreement must comply with Philippine IP Code requirements and may need registration with the Intellectual Property Office of the Philippines. It typically includes comprehensive provisions on exclusivity scope, territory restrictions, quality control measures, royalty structures, and technology transfer terms. This type of agreement is commonly used in technology transfers, brand licensing, patent commercialization, and software licensing where market exclusivity is a key business requirement.
