License Agreement

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Disposal of exclusive rights to objects of intellectual property, copyright and related rights are carried out through contractual relations. 

One of the main types of contracts is a license agreement (license to grant the right to use). 

A license agreement is a civil law contract, according to the terms of which, one party (licensor) having exclusive rights to the result of intellectual activity or to a means of individualization grants or undertakes to grant the other party (licensee) the right to use such a result or means of individualization. 

The licensee must pay royalties for the rights granted to him and perform other actions in accordance with the terms of the license agreement. 

License agreements can be concluded for all objects of intellectual property, copyright, as well as related rights. 

License agreements may be non-exclusive or exclusive, which imply certain restrictions on the licensor. 

Also, the concluded license agreements may imply the conclusion of sub-license agreements.

Why is it necessary to conclude a license agreement?

The license agreement governs the legal relationship between the licensor and the licensee. In this case, the licensor makes a profit, and the licensee gets the opportunity to use the exclusive right to intellectual property objects specified in the relevant license agreement.


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