licensing agreement Synonyms

No Synonyms and anytonyms found

licensing agreement Meaning

Wordnet

licensing agreement (n)

contract giving someone the legal right to use a patent or trademark

licensing agreement Sentence Examples

1. The company entered into a licensing agreement with a renowned artist to use their artwork on their merchandise.
2. The licensing agreement outlines the rights and responsibilities of both parties and the terms of usage of the licensed material.
3. The licensing agreement restricts the use of the logo to a specific range of products, ensuring brand consistency.
4. A licensing agreement allows a business to use a registered trademark without having to purchase it outright.
5. The software licensing agreement defines the permissible number of installations and the circumstances under which duplicate copies can be made.
6. Negotiating a licensing agreement requires careful consideration of the rights being granted, royalties, and exclusivity clauses.
7. The licensing agreement prohibits the licensee from making any modifications to the original copyrighted work.
8. The licensing agreement includes provisions for the payment of royalties based on product sales or usage.
9. A licensing agreement can help businesses expand their product offerings without investing in costly research and development.
10. The licensing agreement includes a termination clause that specifies the conditions under which the agreement can be terminated.

FAQs About the word licensing agreement

What is the meaning of the word licensing agreement

contract giving someone the legal right to use a patent or trademark

What are the synonyms of the word licensing agreement

No synonyms found.

What are the antonyms of the word licensing agreement

No antonyms found.

What is the usage of word licensing agreement

The company entered into a licensing agreement with a renowned artist to use their artwork on their merchandise.

The licensing agreement outlines the rights and responsibilities of both parties and the terms of usage of the licensed material.

How to use the word licensing agreement in a sentence?

The licensing agreement restricts the use of the logo to a specific range of products, ensuring brand consistency.

A licensing agreement allows a business to use a registered trademark without having to purchase it outright.