Business today is driven by ideas. If you need to use someone else's intellectual property, you can use a License Agreement to help specify the details. Or maybe you own in-demand property and are willing to license it to someone else; perhaps you'll be getting a royalty payment in exchange, or maybe not. Either way, a licensing agreement is an important step in establishing a solid relationship.
A License Agreement is a document which outlines how the licensor (the party with the property) will grant the licensee (the party who is using the licensor's property). You can determine the length of use and how the property is utilized with a Licence Agreement. For example: you can specify the right to the use a trademark or the right to sell or distribute intellectual property. Having a licensing agreement can help set the foundation for a great business exchange.
Other names for this document: Licensing Agreement, Software License Agreement, Trademark License Agreement
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Our step-by-step interview process makes creating a printable License Agreement easy.