Fair Licensing

Fair licensing refers to an agreement where a licensee (person or company) is granted the right to use intellectual property, such as a patent, trademark, or copyrighted work, under terms that are reasonable and equitable. It ensures that the licensor (owner) receives fair compensation or recognition, while the licensee gains lawful access to use the property without excessive restrictions or unfair terms. The goal is to create a balanced relationship that promotes innovation and fair competition, avoiding abusive practices or excessive fees, ultimately benefiting both parties and the public.