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Product License Agreements are essential legal instruments used when one party (licensor) wishes to grant another party (licensee) the right to use a specific product while retaining ownership rights. Under Swiss law, these agreements must comply with the Swiss Code of Obligations and relevant intellectual property regulations. A Product License Agreement typically includes detailed terms covering license scope, territory restrictions, payment structures, usage limitations, maintenance provisions, and warranty terms. This document type is particularly important in technology and software transactions but applies to any scenario where a product's usage rights need to be formally licensed. The agreement ensures proper protection of intellectual property rights while providing clear guidelines for product utilization, support, and compliance requirements. It's commonly used in business-to-business transactions and can be adapted for various products, from software applications to industrial equipment.
