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LSDefine

Simple English definitions for legal terms

exclusive license

Read a random definition: satisfaction of lien

A quick definition of exclusive license:

Exclusive license: When someone creates something like a book or a logo, they own the rights to it. But sometimes they want to let someone else use it too. An exclusive license is when the owner of the thing lets only one other person use it for a while. During that time, the owner can't let anyone else use it. The person who gets the exclusive license can make money from it, but only in a certain place or way.

A more thorough explanation:

An exclusive license is an agreement between a licensor and a licensee that allows the licensee to use and profit from the licensor's intellectual property for a specific period of time. The licensor agrees not to share the property with anyone else during this time.

For example, if an author grants an exclusive license to a publisher to publish and distribute their book, the publisher has the sole right to sell and distribute the book during the agreed-upon period. The author cannot grant the same rights to another publisher during this time.

Another example is a company that owns a trademark for a popular brand. They may grant an exclusive license to a specific retailer to sell products with that brand name. This gives the retailer the ability to profit off of the brand while preventing other retailers from using the same name.

Overall, an exclusive license allows the licensee to have exclusive rights to use and profit from the intellectual property, while the licensor retains ownership and control over the property.

exclusive dealing arrangement | exculpatory

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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