Exclusive Licensing

Exclusive licensing is an agreement where the owner of a patent, copyright, or other intellectual property grants a single licensee the exclusive right to use, produce, or sell the protected work or invention within a specified territory or market. This means no one else, including the original owner, can authorize others to use that intellectual property during the license period. It provides the licensee with a competitive advantage, as they are the sole authorized entity to commercialize or utilize the licensed asset in that area. This arrangement typically involves licensing fees or royalties paid to the owner.