The owner of an intellectual property right may grant a third party permission to use the subject matter covered by the right, which is typically in exchange for a licence fee or royalty but may also be allowed for free.
A licensing agreement is based on an industrial property right, such as a patent, a utility model, a design, a trademark or rights to specific know-how or copyright. Whilst owners of property rights may grant an "exclusive" (or general) licence to a single licensee, so that this licensee has sole usage rights to the protected matter, "non-exclusive licences" or "simple" licences may be granted, wherein these entitle an unlimited number of licensees to concurrently use the licensed right.
Licensing matters require particular licensing agreements to be drafted which cover each of the designated territories and products, the licensing fee, and any number of other specific considerations and stipulations. These documents are typically complex and require a careful application of the relevant laws to ensure that they will not be abused.
You may rest assured that you will enjoy the full benefit of our knowledge and expertise should you require clarification at any point during the drafting of a licensing agreement, or whilst conducting essential negotiations between all contracting parties.