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License Agreement Short Form

A non-exclusive license grants the licensee a license to use the intellectual property, but the licensor is free to also use the intellectual property and license to whomever it wants. Therefore, many parties may have licenses for the same intellectual property at the same time. An exclusive license gives the licensee the exclusive and unique right to use the intellectual property – even the licensor cannot use the intellectual property. Once a licensor grants someone an exclusive license, no further license for that intellectual property can be granted to third parties. Different types of intellectual property may be covered by this agreement: Do you want to license software? Click here to create an End User License Agreement or Software License Agreement. This short license agreement can be used to license the use of a graphic designer`s work for products, gift items, etc. Artists are advised to read the License Agreement: Detailed Form before deciding which form to use. A license agreement is a legal document between two parties – the licensor or the person who owns the intellectual property (IP) and the licensee or person who obtains a license to use the intellectual property. Licensor may own a copyright, trademark, patent, service mark, trade secret, know-how or other intellectual property. If you own a patent on a useful technology, if you have a copyright in a popular photo, if you have filed a special image, or if you own another invention or creative work that you want to make money with, you will need a license agreement. This Agreement allows you to set the terms of everything related to that particular IP and to protect your proprietary rights, including how Licensee may use the IP, who may sublicense the IP, the price of the license for the IP, and the length of time Licensee may use the IP.

The following standard license agreement contains an agreement between licensor Valerie J Toups and licensee Matthew K Jordan. Valerie J Toups agrees to allow Matthew K Jordan to use the Licensed Intellectual Property in accordance with the terms and conditions set forth. Without this agreement, the owner of valuable intellectual property would not be able to make money from that intellectual property or control how intellectual property is used in the world. And individuals and businesses that need some intellectual property to grow their business or make a living may not be able to access it. In 2015, Apple Inc. and telecommunications equipment provider Ericsson entered into a global licensing agreement that ended a year-long patent dispute between the companies. A single license grants the licensee an exclusive license, but the licensor retains the right to use the intellectual property. Although Licensor does not grant additional licenses, Licensor may continue to use the intellectual property and all previous licenses may remain in effect.

Members: If you don`t see the download links below, sign in to Member Central. In 2014, Microsoft sued Samsung, claiming that Samsung had missed an estimated license fee of more than $1 billion. Your license agreement may contain only one or a combination of these payment methods. There are a number of different fees you might charge for your intellectual property: Still confused? Check out this helpful article from Inc. on the basis of the license agreement. . . .

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