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Exclusive License: Grants the licensee sole rights to use the intellectual property (IP). The licensor cannot license the IP to anyone else during the agreement term. Non-Exclusive License: Allows the licensor to license the IP to multiple licensees.
What is a license and supply agreement?
A license contract, also known as a license agreement or licensing agreement, is a type of contract where one party (the licensor) grants another party (the licensee) the right to produce, use, sell, and/or display the licensors protected material.
What is the meaning of sublicense?
sublicense. noun. sublicense. ˌsəb-ˈlīs-ᵊns. : a license granted by a licensee that grants some or all of the rights (as to a patent) acquired under the original license.
What is a sublicense agreement?
A sublicense agreement is a legal document that outlines the terms and conditions where one business owner allows another party to use their intellectual property. The original business owner, or licensor, often has the exclusive right to license specific intellectual property for a certain period of time.
What is the difference between a license and a sublicense?
The sublicense may grant more limited rights in the intellectual property than the underlying license agreement, but the rights granted may not be any greater than those granted in the underlying license agreement. The sublicense may be exclusive or non-exclusive.
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People also ask
What is the difference between transfer and sublicense?
A transfer is different from a sublicense, since once a license is transferred, the original licensee loses the right to use the license unless it receives a license back from the transferee which is essentially a new sublicense from the transferee to the original licensee.
Related links
The Gale Group Subscription and License Agreement
Jan 11, 2006 This agreement provides for the use by the Subscribing Institute of the Licensed Content as defined below, and any and all enhancements,
This License Agreement applies to any software library which contains a notice placed by the copyright holder or other authorized party saying it may be
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