License Agreement Template Pdf

Several types of intellectual property can be covered by this agreement: without this agreement, the owner of a valuable IP would not be able to make money with this IP or control how IP is used in the world. And individuals and businesses that need certain SIPs to grow their business or earn a living may not have access to it. If you have a patent on a useful technology, you have a copyright in a popular photo, you have protected a special image, or you own another invention or creative work with which you want to make money, you need a licensing agreement. This agreement allows you to set the terms of everything related to this specific IP address and protect your property rights, including how the licensee can use the IP, which owns the IP, which can sublicens IP, the license price for the IP and the length of time the licensee can use the IP. A non-exclusive license grants the licensee a license for the use of the IP, but the licensee is free to use the IP and provide licenses to whom he wants. As a result, many parties may hold licenses for the same IP address at the same time. By using a licensing agreement, the owner of the intellectual property is able to earn money while controlling the use and distribution of his assets around the world. In addition, licensed individuals can use other people`s intellectual property to increase their own activity or support themselves, while protecting themselves from intellectual property claims by defining the terms of use of the property. The parties should describe the licensed work in as much detail as possible, including information on the quality of work provided by the licensee to the licensee for use by the taker. The agreement could provide, for example. B, that digital images of a specific format, size or dpi are made available to the taker. The parties may then include information on whether the license is exclusive (the giver does not license to other third parties in the same way) or not exclusively (the licensee may grant similar licenses to other third parties), the geographic area in which the purchaser can use the property and whether the buyer can modify the property to create a so-called derivative work.

A licensing agreement is a legal document between two parties – the licensee or the person who owns the intellectual property (IP) and the licensee or person who obtains a license for the use of the IP address.