Exclusive License

An exclusive license is a legal agreement where a rights holder, like a creator or inventor, gives one person or company the sole right to use their work or invention. This means only that licensee can perform certain actions, such as selling or producing the item, while the rights holder cannot grant these rights to anyone else. Exclusive licenses can be for a specific time, location, or type of use, ensuring the licensee has a competitive edge. However, the rights holder still retains ownership of the original work or invention.