Document background
The Simple Royalty Agreement is a fundamental legal instrument used in the Netherlands when one party (the licensor) grants another party (the licensee) the right to use specific intellectual property in exchange for royalty payments. This document is particularly relevant when establishing straightforward licensing arrangements that require ongoing payments based on usage, sales, or other metrics. The agreement must comply with Dutch legal requirements, including provisions from the Burgerlijk Wetboek (Dutch Civil Code), intellectual property laws, and tax regulations. It typically includes clear terms for calculation methods, payment schedules, reporting requirements, and audit rights. This Simple Royalty Agreement is commonly used across various industries where intellectual property licensing is prevalent, from technology and entertainment to manufacturing and pharmaceuticals. The document serves as a crucial tool for protecting intellectual property rights while ensuring fair compensation for their use.
