单词 | licensing agreement |
释义 | licensing agreementDefinition Written contract under which the owner of a copyright, know how, patent, servicemark, trademark, or other intellectual property, allows a licensee to use, make, or sell copies of the original. Such agreements usually limit the scope or field of the licensee, and specify whether the license is exclusive or non-exclusive, and whether the licensee will pay royalties or some other consideration in exchange. While licensing agreements are mainly used in commercialization of a technology, they are also used by franchisers to promote sales of goods and services. Use 'licensing agreement' in a SentenceIn order to use the licensed trademark in her design work, the artist entered into a licensing agreement with the owners of the trademark, thereby entitling her to use the trademark as a visual enhancement of her work, but with no editorial, or advertising inferred, or directly stated by her usage of it. You should only enter into a licensing agreement with companies that you trust to not take advantage of what they find out. The licensing agreement between the two companies was in order and would make everyone happy in the very near future. |
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