THE LICENCE AGREEMENT

Authors

  • Siniša Varga Docent Privredne Akademije u Novom Sadu

Keywords:

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Abstract

The licence agreement is one of the most important business contracts used for transfer of technology. It serves that licensee gets an appropriate technology and obtains competitive adventages over its competitors in order to survive on market contest. At the other side licensor acquires a licence fee that is financial satisfaction for its innovative efforts.

The licence agreement is a charged, bi-partially binding and lasting agreement intuitu personae with name and contents regulated in accordance to the Law on Contracts and Torts (LCT) and the Law on Foreign Trade Operations (LFTO). Both laws require a written form for the Licence Agreement. In a case it is a licence agreement with a foreign element, the LFTO requires registration of the agreement at the respective body as well. The LFTO also prescribes causes, which must and must not be included within a licence agreement.

References

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Published

2006-04-30

How to Cite

Varga, S. (2006). THE LICENCE AGREEMENT. Pravo - Teorija I Praksa, 23(3-4), 19–29. Retrieved from https://casopis.pravni-fakultet.edu.rs/index.php/ltp/article/view/514

Issue

Vol. 23 No. 3-4 (2006): Pravo - teorija i praksa

Section

Views and oppinions

License

Copyright (c) 2006 University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.