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 ?
The Uniform Computer Information Transactions Act was an attempt to develop a body of contract law surrounding software licensing agreements, said John Lobert, senior vice president of state government affairs for the Alliance of American Insurers.
SST expects that the future royalties from this new licensing agreement will contribute significantly to SST's licensing income, due to Winbond's revenue size in nonvolatile memory and other embedded applications such as speech synthesizers, speech recognition devices, microcontrollers and personal communication devices.
As part of the business arrangement and licensing agreement, Converse has agreed to pay the organizations a percentage of the gross revenue on every product sold by Converse that bears the trademark of the organizations.
The fact that the USDA has tested our product and is finalizing a licensing agreement with us speaks volumes about the potential of OraPhyte as well as the possible financial impact this product could have on the multi-billion dollar Nematode market.
This strategically significant licensing agreement with Fujitsu further validates our confidence in the superb Alliacense team of licensing professionals.
Geir Ramleth, Bechtel CIO, said, "With our new global licensing agreement, all of our projects around the globe will have access to the latest technical innovations in software.
The licensing agreement in pharmaceutical business development' is a 'how to' for drafting licensing and partnering agreements, aimed at individuals in marketing, business development and technology transfer who need a backgrounder in the subject to support discussions with lawyers and partners, or legal professionals new to pharmaceutical licensing and partnering.
Patent licensing agreements signed in March 2003 between InterDigital and Ericsson and Sony Ericsson established the framework for Nokia's royalty obligations for 2G GSM/TDMA and 2.
And, over the next few quarters, we expect to announce additional licensing agreements like the ones made over the past quarter.
Through execution of its rollup strategy during the last 18 months, The Fashion House has recently announced licensing agreements with leading fashion designers Bill Blass and Isaac Mizrahi to expand its line of brands for distribution to major retailers.