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.