This article is just a general overview of licensing agreements; It is not complete and should not be used to prepare a legal document. Using a model that you find on the Internet is dangerous because it cannot address certain laws and your own situation. In the context of the granting of subsidiary licences, the licensee could be allowed to authorize another entity to use the licensed plant. For example, if you`re a movie producer and you`re allowing a song, you still need permission to allow another entity to use the section of your movie in which the song is played. To obtain a licence, there must be a contract between two or more parties that explains the property rights that the donor recognizes to the taker. This agreement or contract is referred to as a licensing agreement. These agreements have existed since the first copyrights and patents were issued in the late 1700s. Another common element of licensing agreements is the party that retains control over copyrights, patents or trademarks. Many contracts also contain a provision on territorial rights or distribution in different parts of the country or the world. In addition to the various clauses included in the licensee protection agreements, some licensees may add their own requirements. They may insist on the guarantee that the licensee owns, for example, the property`s property rights, or they may insert a clause prohibiting the licensee from directly competing with the property granted in certain markets.
A well-written licensing agreement is important for both licensees and licensees. If your business needs help at any point in the process, our team of contract lawyers can help. Whether it`s developing the whole agreement or reading your own model, we have the know-how to make sure it`s done right. A license gives the legal authority to commit certain acts. Some licenses are required to protect the public. For example, a doctor is authorized to provide professional competence, and the owner of a bar and restaurant is allowed to prove moral form. Some licenses are used to increase government revenues (for example. B car licences) or to give permission to another party to use land (for example. B landing facilities). In the industry, a license is the granting of permission to use a property right in a limited capacity, while the licensee is still allowed to retain the property. For example, a U.S.
apparel manufacturer may, as part of a licensing agreement, authorize a foreign manufacturer to use its designs and specifications to manufacture apparel. Christian, Glynna K. „Joint-Ventures: Understanding Licensing Issues.“ The licensing newspaper. Subject – a complete description of the proposed product or service for licensing. This is also the area in which patent, copyright or trademark numbers, if any, are included. Get a lawyer who has expertise in licensing agreements. These agreements are complex and situation-specific. Many lawyers know how to build a general contract, but they cannot know the details of licensing agreements. An intellectual property lawyer could be a good place to start.
In economics, licensing agreements or agreements are beneficial to both parties. The licensee provides ownership and the taker brings specialized knowledge in the sector or territory covered by the licence. The resulting relationship is similar to a joint venture or partnership. Licensing agreements include various types, including copyright licensing, patent licensing, product licensing, brand licensing and software licensing.