Specifics Of Concluding Licensing Agreement In Mongolia

According to the Procedure on registration of the licensing agreement and other agreements related to the use of intellectual property, the Licensing agreement is a written agreement on the temporary use of an invention, product design, utility model, or trademark by another person. To be valid in the territory of Mongolia, the Licensing agreement for patent and trademarks shall be registered in the Intellectual Property Organization on mandatory basis; other agreements related to the use of intellectual property shall be registered on a voluntary basis.

General provisions of the Agreement shall be agreed by the Parties by negotiations and the followings can be considered during the negotiation of the Licensing agreement: