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Definitions from WordNet

Definitions from the Web

Licensing Agreement

A licensing agreement is a legal contract between two or more parties that grants permission to one party to use the intellectual property or assets of another party under specific terms and conditions.

Part of Speech: Noun

Sense: A legal contract that grants permission to use intellectual property or assets.

Example Sentence:

Our company signed a licensing agreement with a renowned music label to distribute their songs on our streaming platform.

Part of Speech: Noun

Sense: An agreement that allows the use of a trademark or brand name by another party.

Example Sentence:

The local coffee shop had to negotiate a licensing agreement with a well-known franchise in order to use their brand name and logo.

Part of Speech: Noun

Sense: A contract that permits the manufacture, sale, or distribution of a product under specific conditions.

Example Sentence:

The toy company secured a licensing agreement with a popular cartoon character franchise to produce and sell merchandise.

Part of Speech: Noun

Sense: An agreement between a software developer and a user, granting the user the right to use the software.

Example Sentence:

Before installing the new software, make sure to read and accept the licensing agreement to legally use the program.

Part of Speech: Noun

Sense: An agreement that permits the use of a patented invention or technology.

Example Sentence:

The scientific research team entered into a licensing agreement with a pharmaceutical company to use their patented technology for drug development.