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IP owners enjoy certain exclusive rights to use and exploit their protected assets. WHEREAS, Grantor is the owner of certain real property referred to hereinafter as the "Licensed.C. Licensee desires to use the portion of the Property shown on Exhibit "A" (the. The decision to extend this License beyond the agreed upon term is at the complete and sole discretion of the. Licensor. Between a license agreement shall not use real form and licenses. Generally a license is revocable. Benefit of a license to use real property , etc.