![]() ![]() Intellectual Property: the copyright, trademark, patent, or other intellectual property that is the subject of the license.Licensee: the person who wants to use the intellectual property. ![]() ![]() Licensor: the person who owns the intellectual property.Intellectual Property License AgreementĪ simple Licensing Agreement will identify the following basic elements:.The Licensor can be the owner of a copyright, trademark, patent, service mark, trade secret, know-how, or other IP.Īs a reference, this agreement is also known by other names: Consequences of Not Using a Licensing AgreementĪ Licensing Agreement is a legal document between two parties – the Licensor, or person who owns the intellectual property (IP), and the Licensee, or person who is receiving a license to use the IP.Learn about licensing agreements below and how to create one today. Create a licensing agreement to have a written legal agreement between two parties that gives permission from a property owner to another party to use their intellectual property. ![]()
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