Exclusive License
/ɪkˈskluːsɪv ˈlaɪsəns/
Definitions
- (n.) A license granting the licensee sole rights to use, make, or sell a patented invention or copyrighted work, excluding even the licensor from exercising those rights.
The company secured an exclusive license to manufacture and sell the patented technology worldwide.
Forms
- exclusive licenses
Related terms
See also
Commentary
Exclusive licenses must be clearly drafted to specify the scope and exclusivity, as ambiguous terms may lead to disputes regarding rights retained by the licensor.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.