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Learn about licensing fundamentals including parties involved, definition of terms, and cross-licensing agreements. Explore the legal aspects and nuances of granting permissions for products or processes.
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Licensing Basics DeLong Grant Law Partners
License • To grant permission • The document granting permission • Licensor • The party granting permission • Licensee • The party to whom permission is granted
Word • Phrase • Expression Defined in agreement
Cross-Licensing • Legal Agreement • Two or more parties share rights to a product or process. • May or may not include the exchange of a license fee