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What is a Licensing Agreement? A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.
License Agreement Tips Firmly establish ownership. A good contract should clearly state what rights are being granted pertaining to the intellectual property in question. ... Do not overlook definitions. ... Define the royalty system. ... Explain the quality assurance monitoring process. ... Be aware of government regulations.
Generally, there are three types of licensing agreements: exclusive, sole, or non-exclusive. In an exclusive license, the licensee is only the party that can use the licensed intellectual property.
An intellectual property licensing agreement typically occurs between an IP rights owner (?licensor?) and someone who is authorized to use the rights (?licensee?) in exchange for monetary value in the form of a fee or a royalty, or both.
An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.
Some advantages of software licensing include the 3 Ps of licensing: portability, piracy, and profitability.
A content agreement is designed to protect websites from legal trouble based on the content users upload to those sites.
Licensing agreements are legal contracts that are written between two parties?a licensor and licensee. The contract stipulates the type of agreement, the length of the relationship, payments and royalties that are due and when, and the extent to which licensing is allowed.