Month: September 2022

Agreement Mutually Agreed upon

Agreement Mutually Agreed Upon: Is it Redundant or Necessary? When it comes to legal and business documents, the term “agreement mutually agreed upon” is often used to describe a contract or agreement between two parties. However, there is some debate as to whether this phrase is redundant or necessary. As a professional, it is […]

Royalty Bearing License Agreement

A royalty-bearing license agreement is a legal contract between two parties where one party, the licensee, is granted the right to use or sell intellectual property belonging to the other party, the licensor. In exchange for this right, the licensee agrees to pay a royalty fee to the licensor, which is typically based on […]