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The Limited Use License agreement is essential for businesses and individuals operating in Hong Kong who wish to grant or receive restricted rights to use intellectual property, software, content, or other proprietary materials. This document type is particularly relevant in today's digital economy where licensing of intellectual property and technology is increasingly common. The agreement should comply with Hong Kong's legal framework, including the Copyright Ordinance, Trade Marks Ordinance, and relevant contract law principles. It typically includes detailed provisions on scope of use, territorial restrictions, payment terms, and compliance requirements. This document is crucial for protecting the interests of both licensors and licensees while ensuring clear boundaries for the permitted use of licensed materials.
