IP licence
An agreement that allows another person or business to use intellectual property under defined terms, without necessarily transferring ownership.
Definition
An IP licence should identify the intellectual property, owner, licensee, scope of use, territory, duration, exclusivity, fees or royalties, sublicensing, quality controls, termination, infringement responsibilities, and confidentiality terms. The review should match the licence to the IP type, such as copyright, patent, trade mark, design, know-how, or software.
Key takeaways
An agreement that allows another person or business to use intellectual property under defined terms, without necessarily transferring ownership.
Intellectual Property
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
IP licence dispute
Copyright licence
Patent licence
Related resources
Resources and guides
Intellectual Property Document Pack
Intellectual Property Document Pack: prepare Creation files, Dated drafts, Employment or contractor agreements and identify missing records before legal advice.
Intellectual PropertyChecklistIntellectual Property Fee and Scope Guide
Prepare fee and scope questions for a intellectual property matter by separating consultation fees, fixed fees, hourly work, disbursements, official fees, exclusions, approval rules, and invoice controls.
Intellectual PropertyFAQs
IP licence FAQs
What does IP licence mean?
An agreement that allows another person or business to use intellectual property under defined terms, without necessarily transferring ownership.
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