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Dictionary Com Licensing Agreement
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Even if you bought this product, it is NOT yours. You have a license to use it in accordance with the terms of this Agreement until you violate this Agreement. Licensing agreements should not be entered into without consultation with a lawyer. Indeed, each licensing agreement is generally individual, which also means that one should be wary of standardized or unwritten agreements. An example of a very common property contained in licensing agreements is the image of a cinematic superhero. Toy manufacturers will often allow it to sell action characters that are much more likely to be purchased if they are based on a popular superhero. Another common example is the licensing of a song for an advertising campaign or for use in a movie. In the fast food market, there are a number of franchise-based businesses, where a franchisee holds the rights to the name, products and promotional material of the main company. An example of a licensing agreement in the restaurant industry would be that a McDonald`s franchisee has a licensing agreement with McDonald`s Corporation that allows them to use the company`s branded and marketing materials.

And toy manufacturers regularly sign licensing agreements with movie studios and give them the legal authority to produce action characters based on popular similarities of movie characters. A licensing agreement is a written contract between two parties, in which one landowner allows another party to use that property under a number of parameters. A licensing agreement or licensing agreement usually involves a licensee and a licensee. The licensing agreement generally determines the region to which the licence applies, as well as a period of time. In addition, it should be indicated whether the licence is exclusive or whether other licensees can enter into a licensing agreement at the same time. Scale terms can also be included to determine the use of graphics for different versions (hard cover vs. paperback) of a book, z.B. This could also prohibit use in advertising campaigns. Licensing agreements are often used for the commercialization of technologies. A licensing agreement allows a buyer to use the property of a licensee. These written agreements define a set of parameters for the use of the licensee`s property.

This means that, even in the context of a licensing agreement, the property granted cannot be used for any purpose, except for those described in the agreement. In addition to detailing all parties involved, licensing agreements in details on how licensed parties can use the properties, including the following parameters: Those who consult a licensing agreement should consult a lawyer, as there may be complexities that may be difficult to grasp for those who do not have a deep understanding of intellectual property law.

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