IP Licensing · glossary
The owner who gives permission to use its IP. Here it is Kelderwick IP, the group company that owns Kelderwick's brand, know-how and software. It stays in the seller's group after the sale. Licence, Parties · Chapter 1 · see Licensee
Explained in Chapter 1, What a Licence Is, and Why This Deal Needs One, of IP Licensing.
A licence is permission to use intellectual property (IP) that someone else owns and keeps. The owner who gives the permission is the licensor, and the business that gets it is the licensee. This workbook follows one licence, signed when a pump maker sells one of its factories. You are a trainee in the IP and technology team at Merriden Lowe LLP in Birmingham, and you act for the buyer.Read Chapter 1, What a Licence Is, and Why This Deal Needs One →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of IP Licensing and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open IP Licensing → · All terms A–Z →