Document background
The License And Service Agreement is essential for businesses operating in Saudi Arabia that need to formalize arrangements involving both licensing of intellectual property or technology and the provision of related services. This document type is particularly relevant in today's digital economy where technology transfers often require ongoing support and services. It ensures compliance with Saudi Arabian legal requirements, including the Commercial Law (Royal Decree No. M/32), Electronic Transactions Law, and relevant intellectual property regulations. The agreement is structured to protect both parties' interests while maintaining alignment with Sharia law principles and local business practices. It's commonly used in situations where software, technology, or other intellectual property is being licensed along with implementation, maintenance, or support services, making it particularly valuable for technology companies, service providers, and businesses undergoing digital transformation within the Saudi Arabian market.
