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Technology licenses are agreements in which the owner of technological IP lets another party use, change, or even resell the property in exchange for compensation. The compensation can be either a lump sum royalty, royalties based on the value of production, or the right to use the licensees technology.
The license is a contract between the user or user organization and the developer. It defines the terms of the license. A user must agree to the terms of the license when acquiring the software. Software also comes with a license key or product key.
In technology licensing, the licensor (firm selling the technology) agrees to unilaterally transfer know-how and intellectual property (IP) related to a technology to the licensee (firm buying the technology).
A site license is a type of software license that allows the user to a software package in several computers simultaneously, such as at a particular site (facility) or across a corporation.
Licenses may be granted by public or private entities. Common examples of public licenses include marriage licenses, professional licenses, business licenses, and licenses to drive. Examples of private licenses include licenses to use land or intellectual property owned by another.

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Examples are Toyota, Ford, Intel, Apple, Sony, Canon, Budweiser, Kraft, and millions more of such brands.
A product (or merchandise) license allows licensees to leverage popular IP to create branded products, usually for a specific period of time. Once the rights have been secured, the licensee manufactures product using the licensed IP, and in return pays the licensor a royalty for its use.
Examples of technology transfer can be found across virtually every scientific and industrial area, from pharmaceuticals and medical devices to alternative energy solutions, computing, transport, artificial intelligence, robotics, agriculture, aerospace, environmental improvements and many more.
A license creates a contractual relationship between the Government and the non-DOE party. Licenses transfer government-owned intellectual property (IP) to the private sector.
Technology licenses are agreements in which the owner of technological IP lets another party use, change, or even resell the property in exchange for compensation. The compensation can be either a lump sum royalty, royalties based on the value of production, or the right to use the licensees technology.

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