Understanding Licensing Agreements: Key Clauses and Purpose for Managing Intellectual Property

This Skill Bit talks about licensing agreements, which must grant permission to use intellectual property in exchange for compensation. They define license type, payment terms, quality control, duration, termination, intellectual property protection, and dispute resolution. They protect both licensor and licensee interests. Licensing agreements define license scope, permitted use, duration, payment, quality control, intellectual property ownership, confidentiality, termination, dispute resolution, governing law. They protect both licensor and licensee interests.

Duration approx. 8 Min.

Tier: basics

A part of Essential Contract Types for Business Transactions course.