one firm allows another to produce or sell its product, or use its trademark, patent or manufacturing processes, in a specific geographical area, in return, the firm gets a royalty or other compensation.
A foreign licensing agreement.
A foreign Licensing agreement.
"Licensing" agreement.
Licensing is defined as "the method of foreign operation whereby a firm in one country agrees to permit a company in another country to use the manufacturing, processing, trademark, know-how or some other skill provided by the licensor". It is quite similar to the "franchise" operation. Coca Cola is an excellent example of licensing. In Zimbabwe, United Bottlers have the licence to make Coke. Licensing involves little expense and involvement. The only cost is signing the agreement and policing its implementation.
A licensing agreement is a legal contract that allows one party to use another party's intellectual property, such as patents, trademarks, or copyrights, in exchange for payment or royalties. The key components of a licensing agreement include the specific terms of use, duration of the agreement, payment terms, restrictions on use, and any other conditions agreed upon by both parties.
A licensing legacy agreement is a type of contract between two parties which gives authority for the use of something. This is commonly made between vendors and consumers on various products especially technological merchandise.
Usually a licensing agreement attached to or embedded in the software (the end user licensing agreement, or EULA) will allow a certain number of copies to be made, for installation and backup. Further copying may be infringing.
Usually a licensing agreement attached to or embedded in the software (the end user licensing agreement, or EULA) will allow a certain number of copies to be made, for installation and backup. Further copying may be infringing.
Licensing proprietory technology to foreign competitors is the bes way to up a firms competitive advantage discuss
A violation of a licensing agreement occurs when an individual or entity uses the licensed material in a way that exceeds the terms set forth in the agreement. For example, distributing software beyond the permitted number of users, modifying the licensed product without consent, or using it for unauthorized purposes all constitute violations. Additionally, failing to pay the required licensing fees or using the material after the license has expired also breaches the agreement.
Enid Baird Lovell has written: 'Researching foreign markets' 'The changing role of the international executive' 'Appraising foreign licensing performance' -- subject(s): Corporations, American, Foreign licensing agreements, American Corporations
If you use the clip art for something outside the terms of the licensing agreement, you can be sued for thousands of dollars.