Licensing agreement - Intellectual Property Law
Licensing agreements grant the permission of an IP rights holder to allow another party to do something with their intellectual property that they would not otherwise be able to without causing copyright infringement. You can “license-out” a product or design you own the rights for to another party in return for a fee or, you can “license-in” if you want to use another party’s intellectual property. The person granting the licence is usually called the licensor, and the person receiving the licence is usually called the licensee. There may be multiple licensors or licensees in a licence agreement.
Click here article to read our blog about Bob Marley and licensing of his music, including royalty collections.
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