inbound agreements can be very complicated contracts due to the complexities surrounding licensing and intellectual property law. inbound licensing can also benefit the licensee by allowing them to use the licensed ip for a variety of uses. in most instances, the licensee will be required to stop using the ip rights and remove any reference to the ip from its products or services in the event of termination. it is common for inbound agreements to require binding arbitration or mediation instead of litigation. as the licensee, you want an inbound agreement that grants your business an exclusive license to the ip rights with as few limitations or restrictions as possible.