Intellectual Property License Agreement

Quantity

1 Sample.

Description

An intellectual property license agreement is used where one party retains ownership of his patent, copyright or trademark, but give another party permission to use some or all of his intellectual property rights for a specific amount of time for a fee or royalty.

Key Terms

•    Grant of license
•    Exclusivity or non-exclusivity of license
•    Payment of royalty
•    Termination