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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Upon the execution of a long term exclusive licensing agreement, TheraCann will pay USD5.0m to Applied DNA in non-contingent phased payments over a period of six months from the date of the signing of the agreement.
But Haven Beauty allegedly violated the licensing agreement by not paying royalties and not securing the approval of the Kardashians before marketing and selling certain products.
Also, the multi-year licensing agreement with SF provides Viasat with the exclusive pay-TV rights to content from AB Svensk Filmindustri (SF Film) in Sweden, Norway, Denmark and Finland to show Nordic feature films produced and co-produced by SF Film.
The licensing agreement will increase the company's library of games with the products from Bally IP brands.
The Coffee Quality Institute (CQI) has entered into licensing agreements with three Japanese specialty coffee importers.
The North American market for foreign brand beers is growing strongly and through this licensing agreement Kirin hopes to utilize the Anheuser-Busch sales network to expand sales of Kirin brand products.
The licensing agreement will enable Atmel to embed the high performance analog functionality of National's Single Port Gigabit Ethernet PHY Core with its Ethernet MACs, network processors and transmission control protocol/Internet protocol (TCP/IP) offload engines for a new line of products.
Also, CMP has introduced CRN and BYTE magazines into the Middle East market through a licensing agreement with Al-Rakameiat Publishing (Dubai).
UCITA would have permitted software developers to put code called "black holes" into the software that would allow them to shut down or disable the software if the user violated the licensing agreement, said Riva Kinstlick, vice president of government affairs with Prudential.
In addition to Claire Murray's own wool hand-hooked rugs, the company has numerous licensing agreements that range from bedding and apparel to stationery and dinnerware.
A trademark licensing agreement between LNP Engineering Plastics, Exton, Pa., and BP Amoco Polymers, Alpharetta, Ga., is intended to open new opportunities for the use of color in high-temperature plastics.

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