CERTYNEX IFRS ACADEMY

Ludivers grants a distinct licence over a video game character. To conclude that its promise is to provide a right to access the intellectual property, which conditions must be met?

The contract requires, or the customer reasonably expects, that Ludivers will undertake activities that significantly affect the character.

The licence is exclusive in a specified territory.

The rights granted directly expose the customer to any positive or negative effects of those activities.

The licence term exceeds one year.

Those activities do not, in themselves, result in the transfer of a good or service to the customer.