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.
We were negotiating in good faith regarding the sale of the company to Reebok, and/or a continuation of the joint licensing agreement.
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.
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.
The Company has signed exclusive worldwide licensing agreements with a number of global fashion industry leaders, including Bill Blass, Oscar de la Renta, Richard Tyler and Isaac Mizrahi, to develop and design footwear product lines that will bear these valuable brand names.
The Company currently has six licensing agreements with two global partners.
announced today that clothing retailers Barbour by Peter Elliot, Peter Elliot and Hickey Freeman have signed exclusive licensing agreements with the Hampton Classic.
ISME is currently in negotiations with several additional top Professional Soccer teams worldwide for licensing agreements to create a private label Energy Drink for the teams utilizing their brand and fan base.
Commenting on the announcement, Antonio Turgeon, Chairman of TechnoConcepts, stated, "This agreement is a landmark event for TechnoConcepts being the first of numerous technology licensing agreements we expect to secure.