License Period
/ˈlaɪ.səns ˈpɪə.ri.əd/
Definitions
- (n.) The fixed duration during which a licensee is legally permitted to use, produce, or exploit licensed intellectual property or rights.
The license period for the software expires at the end of the fiscal year.
Forms
- license period
- license periods
Related terms
See also
Commentary
Draft licensing agreements should clearly specify the license period to avoid ambiguity about the permitted duration of use.
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.