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RECORDAL OF LICENSE AGREEMENT

license, agreement

The definition of License in the Government of the Republic of Indonesia Regulation Number 36 of 2018 concerning Recordal of Intellectual Property License Agreements (“PP 36/2018”) is as referred to in Law Number 30 of 2000 concerning Trade Secrets, Law Number 3l of 2000 concerning Industrial Design, Law Number 32 of 2000 concerning Layout Design of Integrated Circuits, Law Number 28 of 2014 concerning Copyright, Law Number 13 of 2016 concerning Patent, and Law Number 20 of 2016 concerning Marks and Geographical Indications. In broad outline, License is often also interpreted as a form of granting a permit to process and utilize Intellectual Property, which can be granted by the Licensor to the Licensee with the intention that the Licensee can carry out business activities or produce certain products/services by using the licensed Intellectual Property. In this case, a License Agreement is entered into, which can be interpreted as an Agreement between two or more parties where one party as the Owner or Licensor acts to provide a License to the party acting as the Licensee, so that the Licensee can legally produce and market its products/services. 

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