Definition of the License Object

Granting of license usually entails the right to use or utilize an object, the use of which would otherwise be unlawful. Therefore, it is of utmost importance, that the object and extent of the license is carefully defined. As regards registered rights, the object of the license will be identified by using the identification information defined by the authorities. This means, that the agreement refers to the identification number of a registered trademark or patent. In case the agreement applies to a right that has not yet been registered, the application number can be used for registration purposes.

Where the object of the license is not a registered right but, for example, know-how or copyright of the licensor, then one must resort to describing such know-how or copyright instead. The definition must be done carefully, as it will define the actual object of the entire agreement.