- exclusive license
n.A right granted by the owner of a patent to one person, allowing him or her to use, make, and sell the patented item.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- exclusive license
A written contract in which the owner of a patent, copyright, trademark, or trade secret authorizes, for a limited time, someone (the licensee) to exclusively exercise one or more of the rights. For example, the copyright owner of a comic book may exclusively license the video game rights to a game company. Once a license terminates, the owner regains the rights. Compare: assignmentCategory: Patent, Copyright & Trademark → Copyright Law
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Look at other dictionaries:
exclusive license — Exclusive right granted by patent holder to licensee to use, manufacture, and sell patented article. Permission to do thing and contract not to give leave to any one else to do same thing. Overman Cushion Tire Co. v. Goodyear Tire & Rubber Co., C … Black's law dictionary
exclusive license — išimtinė licencija statusas T sritis informatika apibrėžtis ↑Licencija, pagal kurią ↑licenciaras, suteikęs ↑licenciatui teisę naudoti licencijos dalyką, netenka teisės suteikti tokias pačias licencijas kitiems asmenims ir neturi teisės pats… … Enciklopedinis kompiuterijos žodynas
exclusive license — A license to pursue a calling or occupation which in effect creates a monopoly in the licensee. 33 Am J1st Lic § 23. A grant by the proprietor of a patent to another person of the right to make, use, or sell the patented article, including the… … Ballentine's law dictionary
exclusive license — A valid contract in which a copyright owner authorizes another person or entity (i.e., the licensee) to exercise exclusively a right or rights that belong to the owner in copyright law. In relation to the rights granted in the license, the… … Business law dictionary
license — li·cense 1 / līs əns/ n [Anglo French, literally, permission, from Old French, from Latin licentia, from licent licens, present participle of licēre to be permitted, be for sale] 1 a: a right or permission granted by a competent authority (as of… … Law dictionary
exclusive — ex·clu·sive adj 1 a: excluding or having power to exclude others exclusive right to their respective writings and discoveries U.S. Constitution art. I b: being independent from or not shared by others: sole … Law dictionary
license — A personal privilege to do some particular act or series of acts on land without possessing any estate or interest therein, and is ordinarily revocable at the will of the licensor and is not assignable. Lehman v. Williamson, 35 Colo.App. 372, 533 … Black's law dictionary
exclusive — In the context of general equities, having sole possession of the customer order/ indication; not in competition with other dealers. Bloomberg Financial Dictionary * * * exclusive ex‧clu‧sive [ɪkˈskluːsɪv] adjective 1. an exclusive agreement,… … Financial and business terms