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The Limited License Agreement is essential for businesses seeking to monetize their intellectual property while maintaining control over its use. This document, structured under Singapore law, provides a framework for granting specific, limited rights while protecting the licensor's ownership and interests. It's particularly relevant in today's knowledge-based economy where intellectual property transactions are increasingly common. The agreement typically includes detailed terms about usage rights, restrictions, payment terms, and quality control measures, all within Singapore's comprehensive intellectual property legal framework.
