Licensing Agreement Business Definition

Confidentiality agreement. Both parties agree not to disclose trade secrets. Christian, Glynna K. “Joint-Ventures: Understanding Licensing Issues.” The licensing newspaper. October 2005. In finer terms, it is the simplest form of business alliance in which a company leases its product-based knowledge in exchange for market entry. Get a lawyer who has expertise in licensing agreements. These agreements are complex and situation-specific. Many lawyers know how to build a general contract, but they cannot know the details of licensing agreements. An intellectual property lawyer could be a good place to start. The granting of subsidiary licences. The licensee may be granted the right to authorize someone to manufacture or sell their products. This depends on the specific terms of the license agreement.

Licensing agreements cover a large number of known situations. For example, a retailer could enter into an agreement with a professional sports team for the development, manufacture and sale of goods bearing the sports team logo. Or a small manufacturer could concede a production technology owning a larger company to gain a competitive advantage rather than investing the time and money to develop its own technology. Or a greeting card company can agree with a movie distributor to create a series of greeting cards that carry the image of a popular animated character. The end-user licensing agreement threatens information security: a real-life experience, Kaupas, Z., Ceponis, J. (2017). In The Proceedings of the IVUS International Conference on Information Technology (p. 55-60). This author discusses the information security threats that may result from the end user of the license agreement. This may be due to the fact that some end-users may not be able to ensure the security of information, for example by sharing unwise information with others who are not parties to the agreement. Should we stay? Libraries should wrap the license agreement, Hoek, D. J.

(2011). American Libraries, 42, 21. The purpose of this section is to determine whether the parties to the licensing agreement must abide by the rules and abide by them when entering into such a contract.