What Is a Licensing Agreement?
A licensing agreement is a major form of technology trade. A contract in which the licensor agrees with the licensee to use, manufacture, or sell its patented materials, or the licensee uses its trademark, and the licensee pays a certain amount of remuneration as the consideration for obtaining this right of use. [1]
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- Chinese name
- agreement
- Foreign name
- Licensing Agreement
- A licensing agreement is a major form of technology trade. A contract in which the licensor agrees with the licensee to use, manufacture, or sell its patented materials, or the licensee uses its trademark, and the licensee pays a certain amount of remuneration as the consideration for obtaining this right of use. [1]
- agreement
- It is the most widely used and most common form of contract in international technology transfer. The so-called license agreement refers to a contract in which a licensor who owns a patented technology, trademark or copyright agrees to the licensee to use his patented technology, trademark or copyright, and the licensee pays the royalties. Sometimes, the license agreement also includes the transfer of know-how. In the license agreement, the licensee only obtains the right to use the patented technology and trademark under the agreement, not its ownership.
- There are roughly three types of license agreements: general, exclusive, and exclusive.