Commentary

72.28 Licensing of technology and software

BOILERPLATE AND COMMERCIAL CLAUSES vol 4(3)

72.28 Licensing of technology and software

72.28 Licensing of technology and software

Where an owner of intellectual property grants a licence for a licensee to work a patent, or distribute software, with the right to sub-license, the licence may include an obligation on the licensee to allow the licensor to audit his financial records to establish the amount of royalties due. The agreement may also include a clause requiring the licensee to include such an audit provision in any sub-licence that it may grant1. The term of a sub-licence agreement which states that the head licensor shall have this audit right may be directly

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