The simplest definition is „a license is a promise not to file a complaint“, because with the exception of a marriage license (which only grants official recognition of the relationship between the two people), a license of the licensed party allows either to carry out an illegal and criminal activity without the license (for example. B fishing, driving a car or operating a radio or television station), or allowing the licensed party to do something that would violate the rights of the licensed party (for example.B. making copies of a copyrighted work), which, without the license, could sue the licensed party civilly, criminal or both. Normally, the theme of a license is that the licensor is passive and receives only license payments, while the licensee participates in the operation or development and is free to use it as long as royalties are paid and other criteria are met. Failure by licensee to comply with the license agreement usually results in termination of the license and payment of damages to the licensor. Licensing agreements should not be concluded without consultation with a business lawyer. This is due to the fact that each license agreement is usually individual, which also means that one should be wary of standardized or un written agreements. If someone has a franchise, there may be a license agreement and there may be several types of licenses within the franchise. For example, a McDonald`s franchise could contain licenses to use the McDonald`s logo on products and packaging, as well as another license to manufacture its patented processes or components. Given the details above, everyone can see that licensing agreements are complex. The safest strategy is to publish your legal needs on the UpCounsel marketplace.
The lawyers on this site have a lot of experience in writing license agreements that meet everyone`s needs. Whether you`re a new inventor or a growing company, UpCounsel`s lawyers can protect your interests and help you grow your brand. Licensing agreements cover a wide range of known situations. For example, a retailer could enter into an agreement with a professional sports team to develop, produce and sell merchandise bearing the sports team logo. . . .
