This is a sample License Agreement between Lawrence F. Curtin and Photovoltaics.com, Inc. regarding the exclusive right and license to make, use and sell products dated January 4, 2000. 7 pages.
This is a sample License Agreement between Lawrence F. Curtin and Photovoltaics.com, Inc. regarding the exclusive right and license to make, use and sell products dated January 4, 2000. 7 pages.
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1. a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc. transitive verb. 2. to grant a sublicense for.
An option to license gives the licensee the exclusive right to negotiate and enter into a long-term licensing agreement for products or services owned by the licensor. The licensee has the option but is not required to exercise it at their discretion.
Two of the most common licensing agreements used by small businesses are a Software Licensing Agreement and an End-user Licensing Agreement. Let's explain these in more detail. If you create software for customers, then you need a software license agreement to protect your business.
: a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license.
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.
Contract law generally allows a licensee to sublicense their contractual rights and obligations, unless the agreement states expressly that this is not permitted.
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 exclusivity clause limits licenses, distribution rights, and other rights to specific parties. It grants to that party only the rights outlined in the contract and further limits how that party may use the rights they were given. These clauses often appear in contracts, including: Intellectual property agreements.