Licensing
Licensing is a business arrangement where one company gives another company permission to manufacture its product for a specified payment. There are many types of licenses, including software licenses, patent licenses, and copyright licenses.
Types of Licenses[edit | edit source]
There are several types of licenses that are commonly used in various industries. These include:
- Software license: This is a legal instrument that governs the use and redistribution of software.
- Patent license: This is a transfer of rights under a patent from the patent owner to a licensee.
- Copyright license: This is a contract under which the holder of a copyright gives another party permission to use the copyrighted work in ways that would otherwise infringe on the copyright.
Licensing Agreements[edit | edit source]
A Licensing agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor's property and agrees to make payments known as royalties.
Benefits of Licensing[edit | edit source]
Licensing offers several benefits to both the licensor and the licensee. For the licensor, licensing can provide a source of revenue from an asset that the licensor may not have been able to exploit on its own. For the licensee, it can offer a way to gain access to a well-known brand or patented technology without having to create those assets from scratch.
See Also[edit | edit source]
Licensing Resources | ||
---|---|---|
|
|
Translate to: East Asian
中文,
日本,
한국어,
South Asian
हिन्दी,
Urdu,
বাংলা,
తెలుగు,
தமிழ்,
ಕನ್ನಡ,
Southeast Asian
Indonesian,
Vietnamese,
Thai,
မြန်မာဘာသာ,
European
español,
Deutsch,
français,
русский,
português do Brasil,
Italian,
polski
Navigation: Wellness - Encyclopedia - Health topics - Disease Index - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes
Search WikiMD
Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro) available.
Advertise on WikiMD
WikiMD is not a substitute for professional medical advice. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates Wikipedia, licensed under CC BY SA or similar.
Contributors: Prab R. Tumpati, MD