License agreement

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License agreement

A contract by which a domestic company (the licensor) allows a foreign company (the licensee) to market its products in a foreign country in return for royalties, fees, or other forms of compensation.

License Agreement

A contract between the inventor or patent holder of a product and another party which grants that party the legal right to market, sell, or otherwise profit from that product. The license agreement may or may not give the other party exclusive right to sell the product, and it may be permanent or temporary. In return, the inventor or patent holder receives a royalty or some other compensation.
References in periodicals archive ?
Medivir AB (STO:MVIRB), Stockholm, Sweden, has signed two new pharmaceutical license agreements and an extension of the ongoing research collaboration in hepatitis C (HCV) with Tibotec Pharmaceuticals Ltd.
While such a general legal difference exists, the fact is, telecommunications license agreements fail many, if not all, of the tests that differentiate leases from license agreements.
These license agreements explicitly deny many rights defined by the copyright laws and have introduced new issues of user identity, product capabilities, and restrictions on use into the selection decision.
Lynn went on to say that the company has now distributed franchise disclosure documents to its franchisees reflecting the terms of the new agreement, and he anticipates completing the distribution of actual license agreements in the next few days.
com/reports/c50264) has announced the addition of Structuring Patent Licensing Transactions: Leading Lawyers on Structuring Terms, Negotiating License Agreements and Closing Deals (Inside the Minds) to their offering.
Spansion joins a growing list of semiconductor suppliers and system manufacturers who have signed patent license agreements for various products covered by Rambus patents.
Many of these companies simply do not have the resources -- both financial and human -- to interpret software license agreements and establish very costly compliance initiatives, largely because of the unnecessary complexities of the license agreements created by the software industry.
After these patent license agreements were signed, InterDigital notified Nokia and Samsung of their royalty payment obligations.
Nasdaq:GILD) today announced that the company has signed non-exclusive license agreements to provide generic versions of tenofovir disoproxil fumarate (sold by Gilead under the brand name Viread(R)) to three generic manufacturers in India.
The terms of the settlement and license agreements have been finalized, and the settlement is conditioned upon the entry of orders vacating certain orders and judgments in the U.
No technology rights are included in these agreements and any projects developed will be developed under standard license agreements.
STOCKHOLM, Sweden -- Medivir AB (STO:MVIRB) announced today the signing of two new pharmaceutical license agreements and an extension of the ongoing research collaboration in hepatitis C (HCV) with Tibotec Pharmaceuticals Ltd.