Licensing Agreement #20 Integration
10-09-09
For the next few posts I will be breaking down a general Licensing Agreement clause-by-clause and giving brief explanations on what it all means. For the beginning of this series of posts, start at the first one dated Sept 14, 2009 (scroll down).
This is the next clause in a Licensing contract:
18. INTEGRATION
18.1 This Agreement represents the entire understanding between the parties hereto with respect to the subject matter hereof and this Agreement supersedes all previous representations, understandings or agreements, oral or written, between the parties with respect to the subject matter hereof and cannot be modified except by a written instrument signed by the parties hereto.
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Basically this clause outlines that what is written within this Agreement is the whole oral and written understanding and complete representation between both parties. If there are any further changes, additions or agreements, they have to be in writing and signed by both parties.
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As most of you know, I am not a lawyer or an accountant and I recommend everyone seek their own legal counsel, accounting and tax advice in all contractual matters.
I provide consulting which is detailed on the ’services’ page of this website.
Hope this contract breakdown helps you understand the intricacies of a Licensing Agreement. Should you have any questions contact me at info@Playdigm.com - please put ‘Your name & Licensing’ in the subject line of your email.
Thank you.
Sandford Tuey
Tags: Integration, Licensing Agreement, Sandford Tuey, Tuey