LICENCE FEE AS AN ESSENTIAL ELEMENT OF A LICENCE AGREEMENT
LICENCE FEE AS AN ESSENTIAL ELEMENT OF A LICENCE AGREEMENT

Summary/Abstract: In this paper, the author examines the institute of licence fee as an essential element of a licensing agreement. The author analyzes a number of most frequent types of payment related to licence fees in licence agreements. The lump sum payment may be effected either as a single payment or in several instalments, while the amount of royalties depends on the scope of exploitation of the subject matter of licence.

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