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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.
Trial License Agreement or ?Agreement? means the entire agreement between the Licensor and the Licensee including these Terms and Conditions for Trial Software and the associated Privacy Policy and Software Specification.
Master Use License: This is the right to reproduce a specific recording of a song in your film. You clear this right with the record label who owns the specific recording you would like to use; see the liner notes of the recording to find out which company this is.
A master license is an agreement between a music user and the owner of a copyrighted sound recording that grants permission to use the sound recording.
A master software license agreement is a contract that standardizes the documentation that a software licensor signs to allow a licensee to use their property.
The difference between a master license and a sync license is that the sync permits the license holder to re-record the song for a specific project, for example a video cover a famous song, while the master permits using a pre-existing record, therefore the voice of the original singer.