Voluntary Licensing
/ˈvɒl.ən.tɛr.i ˈlaɪ.sən.sɪŋ/
Definitions
- (n.) The granting of a license to use intellectual property by the owner voluntarily, typically under negotiated terms without compulsion.
The company engaged in voluntary licensing to allow others to manufacture its patented product.
Forms
- voluntary licensing
Related terms
See also
Commentary
Voluntary licensing contrasts with compulsory licensing and is often used to encourage technology transfer through mutually agreed terms.
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.