Definitions for licensing agreement
li·cens·ing agree·ment

Princeton's WordNetRate this definition:0.0 / 0 votes

1. licensing agreementnoun

   contract giving someone the legal right to use a patent or trademark

WikipediaRate this definition:0.0 / 0 votes

1. licensing agreement

   A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit).A license is granted by a party (licensor) to another party (licensee) as an element of an agreement between those parties. In the case of a license issued by a government, the license is obtained by applying for it. In the case of a private party, it is by a specific agreement, usually in writing (such as a lease or other contract). The simplest definition is "A license is a promise not to sue," because a license usually either permits the licensed party to engage in an activity which is illegal, and subject to prosecution, without the license (e.g. fishing, driving an automobile, or operating a broadcast radio or television station), or it permits the licensed party to do something that would violate the rights of the licensing party (e.g. make copies of a copyrighted work), which, without the license, the licensed party could be sued, civilly, criminally, or both. In particular, a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee or proving a capability (or both). The requirement may also serve to keep the authorities informed on a type of activity, and to give them the opportunity to set conditions and limitations. A licensor may grant a license under intellectual property laws to authorize a use (such as copying software or using a patented invention) to a licensee, sparing the licensee from a claim of infringement brought by the licensor. A license under intellectual property commonly has several components beyond the grant itself, including a term, territory, renewal provisions, and other limitations deemed vital to the licensor. Term: many licenses are valid for a particular length of time. This protects the licensor should the value of the license increase, or market conditions change. It also preserves enforceability by ensuring that no license extends beyond the term of the agreement. Territory: a license may stipulate what territory the rights pertain to. For example, a license with a territory limited to "North America" (Mexico/United States/Canada) would not permit a licensee any protection from actions for use in Japan. Again, a shorthand definition of license is "a promise by the licensor not to sue the licensee". That means without a license any use or exploitation of intellectual property by a third party would amount to copying or infringement. Such copying would be improper and could, by using the legal system, be stopped if the intellectual property owner wanted to do so.Intellectual property licensing plays a major role in business, academia and broadcasting. Business practices such as franchising, technology transfer, publication and character merchandising entirely depend on the licensing of intellectual property. Land licensing (proprietary licensing) and IP licensing.

ChatGPTRate this definition:0.0 / 0 votes

1. licensing agreement

   A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In this contract, the licensor grants the licensee the right to use, produce, sell, or otherwise exploit the licensor's property, which may include a trademark, patent, business model, or software, among other things, usually in exchange for a fee or royalty. The terms of a licensing agreement specify how the licensee may use the licensor's property, any restrictions on its use, and the duration of the agreement.

Matched Categories

1. • Contract

How to pronounce licensing agreement?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say licensing agreement in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of licensing agreement in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of licensing agreement in Pythagorean Numerology is: 9

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=licensing agreement
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Licensing_Agreement
3. ^ ChatGPT
   https://chat.openai.com