Intellectual Property License
/ɪnˌtɛlɪktʃuəl ˈprɑpərti ˈlaɪsəns/
Definitions
- (n.) A legal agreement granting permission to use or exploit intellectual property rights under specified conditions.
The company secured an intellectual property license to use the patented technology in its products.
Forms
- intellectual property licenses
Related terms
See also
Commentary
An intellectual property license specifically governs the permitted use of protected creations, and should clearly define scope, duration, and any territorial or exclusivity limits.
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.