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Key Takeaways. A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
The principal criterion for distinguishing between leases and licenses in Massachusetts is whether the owner of the property in question has granted (1) an exclusive right to use the property for all purposes not prohibited by the agreement (a lease); or (2) a non-exclusive right to use the property for a particular ...
Do I need a business license to sell online in Massachusetts? No, but depending on what you sell online, you may need to get a seller's permit and collect sales tax.
These are some common types of licensing agreements: Trademark license - outlines how you may use a trademark Patent license - outlines your right to sell, use, make distribute and export a product that is patented Copyright license - outlines your right to reproduce and sell copyrighted assets.
An agreement between a tenant and either an individual or a company to license the use of a part of the tenant's leased premises for a fee. This Standard Document provides a license agreement to share office space for a short term by paying a monthly fee.
The Special Permit lapses if it is not exercised within one year of the date on which the decision is filed with The Town Clerk.
Space Use Agreement means a written agreement for temporary or short-term use of a venue, such as a conference room, meeting room, auditorium, or field station.
An office lease agreement is a legal document between a landlord who rents office space to a tenant for payment. Commonly, the tenant will pay the landlord on a monthly basis for the use of the office space, including amenities, services, and utilities.