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Licensing Agreement


A license agreement is a legally binding agreement between the licensor and the licensee. The licensor often provides the licensee the right to make and sell goods, using a brand name or trademark, or use patented technology held by the licensor under a normal licensing agreement.
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Overview

The agreement between the licensor (the owner of the property) and the licensee (the permitted party) specifies the type of licensing agreement, the conditions of usage, and how the licensor will be repaid.

Licensing agreements ensures that you have legal authorization to use the property of another person or business. For example, if you wanted to use a song from an artist in a commercial, you'd have to sign a license agreement. If you use the song without permission, you may be violating copyright rules and might face a lawsuit or a fine.

Licensing agreements for intellectual property, such as patents, trademarks, and copyrighted works, are the most frequent.

Types of Licensing Agreements
  • Trade secret licenses: This document explains how, when, and where you can use a company's trade secrets.
  • Trademark licenses: This document explains how to use a trademark.
  • Patent licenses: This document outlines your rights to sell, use, manufacture, distribute, and export a patented product.
  • Copyright licenses: Outlines your copyrighted asset's right to be produced and sold.



Benefits of Licensing Agreement

Checklist/Requirements

Licensing Agreement

Why Choose Us

  Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

  Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

  One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

  Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Why would a company use a licensing agreement?
A licencing agreement permits one party (the licensee) to utilise and/or profit from the owner's property (the licensor). Licensing agreements allow a firm to receive royalties for allowing its copyrighted or patented content to be used by another entity.
It is entered into at the time of granting license for usage.
Below are the points that needs to be included in a licensing agreement
  1. Exclusive or non-exclusive rights
  2. Territory of the licensee
  3. Use of the property
  4. Manner of use
  5. Derivative works
  6. Confidentiality
  7. Time frame
  8. Termination
  9. Payment/royalties
Licenses are either non-exclusive, which means that the owner can license the same intellectual property to others as well as to use the intellectual property rights him or her self. An exclusive license gives to the person receiving the license (called the "licensee") the right to use the intellectual property to the exclusion of all others including the owner (who is called the "licensor"). It is also possible for a license to be a sole license. In this case the owner undertakes not to grant the right to use the intellectual property to any other licensee but reserves to right to use it him or her self
A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.