LICENCE FEE AS AN ESSENTIAL ELEMENT OF A LICENCE AGREEMENT

Aleksandra Vasić

DOI Number
https://doi.org/10.22190/FULP2202135V
First page
135
Last page
145

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.

 


Keywords

licensing agreement, consideration, lump sum payment, royalties

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References


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DOI: https://doi.org/10.22190/FULP2202135V

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