A licensing agreement is a legal contract between two parties known as the licensor and the licensee in a typical licensing agreement the licensor grants the licensee the right to produce and . Definition of licensing agreement written contract under which the owner of a copyright know how patent servicemark trademark or other intellectual property allows a licensee to use make or sell copies of the original such . Licensors use license agreements to grant their licensees the right to use certain intellectual property including software trademarks service marks inventions and patents besides the property being licensed and the royalty rates license agreements can also include representations warranties termination provisions terms of indemnification and dispute resolution clauses. Item 1 license agreement the license agreement of which this schedule forms a part is dated as of date and is by and between the parties referenced in item 2 below item 2 name and address of licensor and licensee
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