Sub-licensing allows a licensee to grant rights to a third party, enabling broader utilization of an intellectual property without breaching the original licensing agreement. This process is vital in industries where market expansion and technology collaboration are key growth strategies, provided the original licensor permits such actions.

Sub-Licensing

A licensee is an individual or entity granted permission to use, produce, or sell a product, service, or intellectual property owned by another party, under the terms of a licensing agreement. This arrangement typically involves the licensee paying a fee or royalty to the licensor, while ensuring compliance with the specified terms and conditions.

Licensee

Third Party Rights

Intellectual property utilization

A licensing agreement is a legal contract where the licensor grants the licensee the right to use, produce, or sell intellectual property or a product under specific conditions. It outlines the scope, duration, and financial terms, ensuring both parties understand their rights and obligations to avoid potential disputes.

Licensing Agreement

Market expansion involves strategies aimed at increasing a company's market share by entering new markets or expanding within existing ones. This can be achieved through various approaches such as diversification, product development, and strategic partnerships to reach new customer segments and geographic areas.

Concepts

Relevant Degrees

Your Lessons