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What is a complex licensing agreement?

The term may bring specific industries or types of arrangements to mind, such as a publisher licensing content from authors and illustrators or the licensing of logos, processes and even recipes in a franchise agreement.

What is called easement?

An easement is a limited right to use another persons land for a stated purpose. For example, an easement may allow someone to use a road on their neighbors land to get to their own. Easements may also be used to lay railroad tracks or electrical wires.

Why is there a difference between the license and the profit?

An easement and profit are the concepts that one person has the legal right to a limited use of another persons real property. A license also allows the license holder to use another persons property, but a license does not include as many legal rights as an easement or a profit.

What is an example of an easement appurtenant?

One of the partiesthe servient tenementis the parcel of land that provides the easement while the dominant tenement is the parcel of land that benefits from this type of easement. An example of an appurtenant easement is the public or private access to a street across a property that is landlocked.

What does licensing mean on Shark Tank?

A product (or merchandise) license allows licensees to leverage popular IP to create branded products, usually for a specific period of time.

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