Voluntary License
/ˈvɒlənˌtɛri ˈlaɪsəns/
Definitions
- (n.) A legally authorized permission granted by the holder of intellectual property rights allowing another party to use, make, or sell the protected subject without infringement claims.
The company obtained a voluntary license to produce generic versions of the patented drug.
Forms
- voluntary license
- voluntary licenses
Related terms
See also
Commentary
Voluntary licenses are negotiated agreements distinct from compulsory licenses imposed by law; clarity in terms is vital in contracts to specify the scope and conditions 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.