As your business grows, it can happen at a time when entering into a licensing agreement seems like a good idea. You may have developed a product or brand that others want to promote, or you may want to acquire rights to a product or brand that you think you can benefit from. In any case, there are a number of things that you should first consider before signing a license agreement. In general, licensing agreements are provided with some sort of product liability statement, as it is in the interest of both parties to make it as clear as possible. These clauses raise the question of which company is legally liable if the use, consumption, storage or transport of the product causes damage. In other situations, the Software License Agreement is not or cannot be negotiated, in whole or in part.