Licensing
Licensing
Licensing (pronunciation: /ˈlaɪsənsɪŋ/) is a legal method that involves the granting of permissions by a party (the licensor) to another party (the licensee) to use a particular product, service, or intellectual property. The term originates from the Latin word licentia, which means "freedom" or "permission".
Types of Licensing
There are several types of licensing, including:
- Software Licensing: This involves the granting of permissions to use software under certain conditions. It is often used by software developers and companies to control how their software is used and distributed.
- Patent Licensing: This involves the granting of permissions to use a patented invention. It is often used by inventors and companies to monetize their inventions and to prevent others from using their inventions without permission.
- Trademark Licensing: This involves the granting of permissions to use a trademark. It is often used by companies to expand their brand and to prevent others from using their trademark without permission.
- Copyright Licensing: This involves the granting of permissions to use a copyrighted work. It is often used by authors, artists, and companies to control how their work is used and distributed.
Licensing Agreement
A Licensing Agreement is a legal contract between the licensor and the licensee. It specifies the terms and conditions of the licensing, including the scope of the licensing, the duration of the licensing, the fees for the licensing, and the rights and obligations of the parties.
Licensing Fee
A Licensing Fee is a fee that the licensee pays to the licensor for the licensing. It is often a one-time fee or a recurring fee.
Licensing Law
Licensing Law is a branch of law that deals with licensing. It includes laws and regulations that govern the licensing, such as the requirements for the licensing, the enforcement of the licensing, and the penalties for the violation of the licensing.
See Also
External links
- Medical encyclopedia article on Licensing
- Wikipedia's article - Licensing
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