Licensing & Distribution Agreements
When conducting business, an entity can establish amongst other things, an agency, licensing or distribution relationship with another party, depending on the parties’ specific requirements. An agency relationship is an arrangement where the agent carries out certain obligations on behalf of the principal. In terms of an agency agreement, the principal will be bound by the actions of the agent, as if such acts were those of the principal personally.
License agreements defined
A license agreement is an agreement in terms of which the licensor provides the licensee with permission to exercise rights which the licensor possesses, for example rights in copyright or a trade mark. As consideration for such license, the licensee usually pays a royalty to the Licensor. A license agreement also regulates the rights and obligations of the parties pertaining to the license.
Distribution agreements defined
A distribution agreement is an agreement in terms of which the manufacturer grants the distributor the rights to distribute the manufacturer’s products.
Adams & Adams can assist with the drafting and reviewing of any of these agreements.
Contact one of our Licensing And Distribution Professionals
How can we help you?
We have offices in Pretoria, Johannesburg, Cape Town, and Durban, please contact your nearest office for any legal enquiry or assistance.
Commercial Law Related Articles
The reason why people take out insurance policies is to protect themselves against risk. Whilst taking out an insurance policy is the most preferred and popular way…
Mergers are complicated and to be properly implemented they require mergers and acquisitions lawyers that have a lot of experience and knowledge of the legalities surrounding mergers….
In the world of corporate finance, an acquisition is considered to be a transaction in which an individual or entity (company) purchases some or all of the…