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The EULA protects the ownership of your software or app, specifying that the end-users only obtain a license to use your product, not any ownership rights. It also provides disclaimers and limits your liability to any injury or damage that may occur when the consumer uses your product.
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.
An end-user license agreement grants a person or organization the right to use a software application. Typically, EULAs set forth other terms and conditions, but their primary purpose is to protect the software developer's intellectual property rights.
The video license agreement will likely specify a price paid for the license, limit the video's use in content and duration, and describe the intended broadcast audience (national or international television, radio, web, live events, etc.). The license can be exclusive or non-exclusive.
An end user license agreement (EULA) is a legally binding contract between a software company and its users, specifying the terms, conditions, liabilities, and fair use policies that a software user must abide by in order to continue to use the product.
An end user license agreement, commonly referred to as a EULA, is an agreement or contract between the user of software and the licensor that provides the software. EULAs usually outline the ways in which software can be used, copyright information, liability information, etc.