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 brand license agreement for audio and video products and accessories will complement TPVs existing brand license agreements with Philips, for example for TVs and monitors.
ImmunoGen will receive a USD30m payment for this and has agreed to withdraw a limited co-promotion option in the United States with respect to the compounds covered by the 2003 agreement, and future milestones or royalties under both license agreements.
Bankruptcy can affect your license agreements for intellectual property (IP).
Summary: Bankruptcy can affect your license agreements for intellectual property (IP).
ktMINE License Agreement Analyzer is the newest edition to the company's licensing intelligence product portfolio and offers precise insights from more than 70,000 IP license agreements.
Finnish mobile communications company Nokia (NYSE: NOK) announced on Thursday (12 April) that until 2007 it has paid less than 3% aggregate license fees on WCDMA handset sales under all its patent license agreements.
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.
Microsoft also announced that it is generally willing to provide even broader usage rights for the company's protocol technology than is required by the final judgment in the antitrust case or is reflected in standard MCPP license agreements. Microsoft has already voluntarily granted usage rights to a number of licensees under the MCPP that exceed the requirements of the final judgment, and Microsoft encourages other developers who may be interested in licensing the company's protocol technology to discuss their technical requirements with Microsoft's protocol licensing team.
The new agreement consolidates numerous separate license agreements of varying terms into one long-term agreement.
However, if a local government has any outstanding account balances under existing or prior license agreements with ASCAP for the period before the effective date of the new License Agreement, the balance must be brought current before it can enter the License Agreement.
Based on the fundamentals of contract law, the key to the enforceability of both shrink wrap and click wrap license agreements would be the timing of the formation of the contract between the parties -- as it is this timing that determines whether or not the terms of the licence agreement are binding on the parties.
Cecala said they continue to refine the strategy and structure for future site license agreements. "Everyone needs to have a good system for developing and maintaining site licenses--particularly in the internet age.