Manufacturing licence agreement –

  • This agreement is used to ensure the repayment of money borrowed, usually in monthly instalments.
  • This agreement sets out the terms and conditions on which a business supplies goods.
  • This agreement should be used where one party (the licensor) owns intellectual property rights in respect of a product it has developed and wishes to license the manufacture of the product to a third party.
  • This is intended to govern the relationship between a number of shareholders in a company. The agreement works as a second.' layer of protection preventing the company from being run in a manner other than has been agreed.
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