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The Limited Use License Agreement is essential for businesses and individuals seeking to grant or receive limited rights to use proprietary content, software, or intellectual property in the Philippines. This document is particularly relevant in today's digital economy where licensing of intellectual property and technology assets is increasingly common. The agreement must comply with Philippine legislation, including the Intellectual Property Code (Republic Act No. 8293) and related laws, while addressing modern licensing challenges. It is typically used when a property owner wants to maintain control over their intellectual property while allowing others to use it under specific conditions. The document includes detailed terms about usage rights, restrictions, payment structures, and compliance requirements, making it suitable for both domestic and international licensing arrangements while ensuring adherence to Philippine legal requirements.
