License Source Code

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.

Technology licensing agreements are contracts or arrangements that involve an owner of a technology-based intellectual property, also known as a licensor, who will accept compensation in exchange for allowing an outside party, known as the licensee, resell the property, make alterations to it, or simply use it.

A technology license agreement is an arrangement that involves an owner (licensor) of some technological intellectual property who accepts compensation (consideration) to let someone else (licensee) use, change, or resell the property.

A software license agreement gives a licensee a non-exclusive, non-transferable right to use software. A software license agreement defines how that software can be used and what happens in the event of breach.

In a typical licensing agreement, the licensor agrees to provide the licensee with intellectual property rights such as the licensor's technology, brand name, or product creation know-how.

An agreement granting a company a license to commercialize products incorporating the licensor's patented and unpatented technology, including know-how and trade secrets.Each patent and know-how license agreement must be tailored to suit each transaction's particular circumstances.

A software license agreement typically has broad-form confidentiality provisions that also provide that certain items fall into the bucket of one or the other party (e.g., the software for a licensor, certain data for a licensee, etc.).

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.