name the parties in licensing system
Answers
Explanation:
What Is a Licensing Agreement?
A licensing agreement is a written contract between two parties, in which a property owner permits another party to use that property under a specific set of parameters. A licensing agreement or license agreement typically involves a licensor and a licensee.
Understanding Licensing Agreements
Licensing agreements delineate the terms under which one party may use property owned by another party. While the properties in question can include a myriad of items, including real estate holdings and personal possessions, licensing agreements are most often used for intellectual property, such as patents and trademarks, as well as copyrights for written materials and visual art.
Entering Into a Licensing Agreement
The bargaining power of the two parties involved in a licensing agreement often depends on the nature of the product. For example, a movie studio that licenses the likeness of a popular superhero to an action figure manufacturer might have significant bargaining power in this negotiation, because the manufacturer is likely to profit immensely from such an arrangement. The movie studio thus has the leverage to take his business elsewhere if the manufacturer gets cold feet.Those entering into a licensing agreement should consult an attorney because there are complexities that may be hard to grasp for those without a deep understanding of intellectual property law.
Parties=
Public domain. This is the most permissive type of software license. ...
Permissive. Permissive licenses are also known as “Apache style” or “BSD style.” ...
LGPL. ...
Copyleft. ...
Proprietary.
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A license is an official permission or permit between two parties where the first part is called the licensor and the other party is referred to as the licensee. It is a formal arrangement between the two parties which could involve a business organisation having a formal arrangement or licensing with another organisation by giving them permission for producing or manufacturing their product or operating their services.
Explanation:
- In the licensing arrangement, the main organisation permits another to use its brand name or sell their products in the markets.
- In return, the licensee needs to follow certain conditions laid out by the parent company.
- It also involves a payment of royalty to be given to the parent company for using the licensor's property.
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