Standard Licensing Agreement

A Standard Licensing Agreement is a legal contract between two parties where one party (the licensor) gives permission to the other party (the licensee) to use certain intellectual property, such as software, trademarks, or patents, under specified conditions. This agreement outlines the rights granted, any fees or royalties to be paid, duration of the use, and limitations on how the intellectual property can be used. It ensures both parties understand their obligations and protections, promoting fair use and compliance with the law.