Document background
This document template is designed for situations where a permanent, unlimited transfer of intellectual property rights is required while maintaining original ownership. The Unlimited License agreement, structured under Malaysian law, provides a comprehensive framework for granting unrestricted usage rights to intellectual property, technology, or other proprietary assets. It is particularly valuable for businesses seeking to monetize their intellectual property without transferring ownership, or for organizations requiring perpetual rights to use critical assets. The document incorporates essential elements required by Malaysian legislation, including the Copyright Act 1987 and Contracts Act 1950, and includes provisions for electronic execution under the Electronic Commerce Act 2006. It is suitable for both domestic Malaysian transactions and international licensing arrangements where Malaysian law governs the agreement.
