exclusive license

Definition of "exclusive license"
  1. A binding document permitting only one party, the licensee, to exercise certain rights pertaining to a patent, copyright, trademark, or trade secret for a particular duration allowed by the rights owner
How to use "exclusive license" in a sentence
  1. The game company gained an exclusive license to develop video games from the comic book.
  2. She granted an exclusive license to a publishing company to print her novel.
  3. They were granted an exclusive license to use the patented technology in their products.

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