RIGHTS AND OBLIGATIONS OF THE CONTRACTING PARTIES UPON CONCLUSION OF A LICENSE AGREEMENT IN THE DIGITAL ECONOMY

<p>The digital economy is a term originally used to denote a new type of economic movement that emerged under the influence of the fourth industrial revolution. The unexpected expansion of modern technology, or rather the use of modern technology, has led to the fact that most of the economy takes place within the digital economy, and therefore the digital economy is not a novelty, nor is it a type of economy, but rather the economy itself. The subject of this research paper aims to determine the importance obligations of the parties responsible for the license agreement, the licensor and the licensee, in light of newly emerging relationships of the modern economy аnd Industrial Property Rights. The research objectives are primarily related to and expressed through an analysis of the advantages and disadvantages of contractual obligations from the license agreement This paper will use all methods that could contribute to its higher quality. Primarily referring to methods that are characteristic of social research, in which scientific description and content analysis (with synthesis) will be highlighted, followed by inductive-deductive, historical and comparative analysis. The hypothesis of this paper is that the better regulation of the rights and obligations of the contracting parties under the license agreement leads to a better functioning of the digital economy. The result of the work is to point out the possibilities and legal instruments that, in conjunction with harmonized regulations, can lead to the stimulation of economic development in the new economic reality caused by the multipolar world..</p>