Licensing Agreements

A licence is a contractual agreement between the owner of an IP right and another person, allowing the other person to use the IP in a specified way. The agreement should set out what the licensee is allowed to do and any terms and conditions applying to this use, including the amount of any payment or royalty to be paid to the licensor, the IP owner. Licences can be limited in time and or territory or limited by which exclusive under the IP rights are licensed.

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