The Parties should describe the work being licensed in as much detail as possible, including information about the quality of the work that will be delivered from the Licensor to the Licensee for the Licensee's use. For example, the Parties can specify the right to use a trademark or the right to sell or distribute intellectual property for a specific period of time. This document allows the Parties to specify the length of use and how the property is utilized. Conversely, this document may be used by someone who would like to grant permission to another person to use their intellectual property. This document can be used if an individual wants to use intellectual property that they do not own.
#Appzapper license agreement license
Further, individuals being granted a license can use other people's intellectual property to grow their own business or make a living while protecting themselves from intellectual property infringement claims by defining the terms of the property's use. This is different than an Intellectual Property Release wherein the owner of the property gives away all of their rights to the work and does not receive continued compensation, known as royalty payments, in exchange for giving permission.īy using a Licensing Agreement, the owner of intellectual property is able to make money while also controlling how their property is used and disseminated out in the world.
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This type of Agreement is used in situations where the creator of intellectual property is okay with someone else using their property but wishes to ultimately retain their rights to the property and be compensated in exchange for giving the license. The Agreement outlines how the Licensor (the Party who owns the property) will grant the license to use their property to the Licensee (the Party who is using the Licensor's property).
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A Licensing Agreement is a document used by the owner of some form of intellectual property - such as a logo, photograph, or song - to give permission to some other individual to use that property.