The term licensing agreement refers to a legal, written contract between two parties wherein the property owner gives permission to another party to use their brand, patent, or trademark. The agreement, which is set between the licensor the property owner and the licensee the permitted party , contains details on the type of licensing agreement, the terms of usage, and how the licensor is to be compensated. Contract types vary based on what is being licensed. Licensing agreements also alleviate any disputes related to sales, issues of quality, and royalties.
Protect Your Brand With The Right Licensing Agreement
How to Draft a Software Licensing Agreement (with Pictures)
Music is perhaps the most restricted and most licensed out of all the forms of copyright protected works and intellectual property. Radio and television broadcasting as well as recording companies enabled a massive mechanism for music licensing since its first radio broadcast transmission to the general public on December 24, from Brant Rock, Massachusetts. Today, published music licensing is managed almost exclusively by only a few agencies. You may also see music templates. Music agreement templates provide exclusive rights to people who own the copyright to perform and play their song.
Copyright License Agreement Template
Last Updated: March 29, References. This article was co-authored by Clinton M. Sandvick, JD, PhD.
Among the many types of business relationships one encounters in the modern world of transactions is the concept of a license agreement, whereby one party grants to another the right to use in a business context a right, trade name, method or product or some other asset owned for mutual benefit. This article shall outline the basic requirements for a successful license arrangement. Competent legal and tax advice is required before culminating a license agreement in the United States. The reader should first review the articles on Contracts, on Limited Liability Entities, and on Intellectual Property: What it is and How to Protect It before reading further since it will be assumed in this article that the information in those articles is known to the reader. The license is usually reduced to a written contract specifying the rights, duties, and payments that are part of the license.