A licence is an agreement between two parties for the use of a person`s property without paying money, while royalties pay an agreed fee each time they use the owners` property. The license is essentially the right to use something that belongs to another person, the licensee grants the licensee the authorization under the licensing agreement, while the royalties are the payments for that use. Each licensing agreement is unique and these agreements vary by type (copyright, trademark, patent, etc.). In general, you will find these sections in most license agreements: the duration can be based on a fixed duration (for example. B from January 1, 2011 to December 31, 2015 or for one year from the signing of the license), or may be based on the payment of each annual subscription. Educational institutions may prefer that the licence cover the school year as opposed to the calendar year or another date. It is important to specify the duration of the agreement. An organization may prefer a period that corresponds to its exercise. The agreement may indicate a specific date on which it ends or a fixed term for which it is maintained.
It shows how the taker can use the content conceded and the prohibited uses of the content. This clause is sometimes called “Authorization,” “Authorized Uses,” “Licensing” or “Authorized Uses.” Get a lawyer who has expertise in licensing agreements. These agreements are complex and situation-specific. Many lawyers know how to build a general contract, but they cannot know the details of licensing agreements. An intellectual property lawyer could be a good place to start.