Law Of License Agreements

In the case of a private party, this is done through a specific agreement, usually in writing (e.g.B. a rental agreement or another contract). The simplest definition is “a license is a promise not to file a complaint”, because with the exception of a marriage license (which only grants official recognition of the relationship between the two people), a license of the licensed party allows either to carry out an illegal and criminal activity without the license (for example. B fishing, driving a car or operating a radio or television station), or allowing the licensed party to do something that would violate the rights of the licensed party (for example.B. making copies of a copyrighted work), which, without the license, could sue the licensed party civilly, criminal or both. Another important element of a licensing agreement sets the timing of the agreement. Many licensors insist on a strict market release date for products licensed to external manufacturers. Finally, it is not in the best interests of the licensor to issue a license to a company that never markets the product….