This type of licensing agreement is most often related to the provision of software. If your property isn`t software or app, you probably don`t need to deal with it. In principle, an unlimited licensing agreement means that a software provider (or SaaS) allows a company to download or access its software unlimitedly. If the software is your property, you can decide how your partner can distribute them. In this agreement, different types of IP can be covered: your license agreement can only contain one or any combination of these payment methods. The following type licensing agreement includes an agreement between licensee Valerie J Toups and licensee Matthew K Jordan. Valerie J agrees to allow Matthew K Jordan to use the IP granted under the specified conditions. Geographical restrictionsThon features have regional applications. You can limit usage in your area to avoid competition. Or you want to grant rights to other regions, more than one region. This is often the case with franchises.