Licensing Agreements

One purpose of a licensing agreement between parties is to permit one party to use a protected right of the other party. Some typical license agreements include patent license agreements, utility model license agreements and trademark license agreements.

The use of rights granted by these license agreements may constitute valuable goods and services and may have an enormous financial impact on the parties involve. As such, it is essential that the terms of the licensing agreement be as defined as possible so as to remove any ambiguity whatsoever. The use of an attorney competent in the area of licensing is therefore highly recommended.