oboloo Glossary

Licensing Agent Agreement

oboloo Glossary

Licensing Agent Agreement

A Licensing Agent Agreement is a formal document between a licensor and an independent licensing agent, designed to define the responsibilities of each party in their business relationship. This agreement covers topics such as the scope of services performed by the agent, commission terms, product support, and legal obligations. It also addresses issues such as confidentiality, intellectual property rights, conflict resolution, dispute resolution, and termination. The goal of this agreement is to provide both parties with clarity and peace of mind, ensuring that their interests are fully and clearly protected.