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License agreement

   Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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IT Solutions, in Latin America has been selected as one of only two Microsoft Service Provider License Agreement Resellers in Venezuela.
In 2005, UEC merged into Epistar, and Epistar, as the surviving entity, assumed all of the liabilities and contractual obligations of UEC, including UEC's license agreement with Lumileds.
It terminated Skype's license agreement, but says Skype has continued to use the technology.
 
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