Intellectual Property Licensing
An IP license is an agreement between the owner of a specific IP right and a third party, in which the IP owner (licensor) provides the third party (licensee) with the right to use (part of) its IP rights for a limited time, for certain products, in an often restricted geographic area. (Koller, 2018)
Koller, C. 2018 September 12. IP licensing: how to get it right for your business. Retrieved on 2021 April 29 from https://www.novagraaf.com/en/insights/ip-licensing-how-get-it-right-your-business#:~:text=An%20IP%20licence%20is%20an,an%20often%20restricted%20geographic%20area.