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Click ‘Get Form’ to open the licensor agreement in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing the timeline of your contract.
Fill in the name and address of the Licensee, ensuring all details are accurate to avoid any legal complications.
Next, input the name and address of the Licensor. This identifies who is granting the license.
In Section I, review and confirm your acceptance of the license terms regarding software usage. Make sure you understand your rights and obligations.
Proceed to Section III to specify payment details, including monthly fees and commission percentages. Ensure these figures are correct as they will affect future transactions.
Finally, sign and date at the bottom of the form. If applicable, have an authorized representative from Licensor sign as well.
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Generally, licensees are people who have received express or implied invitation to enter the owned property without a mutually beneficial commercial relationship to the owner. For example, social guests visiting a friends house would be considered licensees under the common law.
Who is the licensor vs licensee?
A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor).
Who would be the licensee?
A real estate licensee is an individual or entity that has obtained legal permission, in the form of a license, to conduct real estate activities. These licensees, commonly known as real estate agents or brokers, play a crucial role in the buying, selling, leasing, and managing of real property.
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