licensing agreement

• Acuerdo legal entre dos partes que otorga permiso para usar propiedad intelectual, como software, marcas comerciales o materiales protegidos por derechos de autor, bajo ciertas condiciones.

A legal contract between two parties that grants permission to use intellectual property, such as software, trademarks, or copyrighted material, under specific terms and conditions.

1. Legal contract for usage rightsC1formal

   A formal contract between two parties where the licensor grants the licensee permission to use intellectual property under specific conditions.

   contrato de licencia

   • The company signed a licensing agreement to use the patented technology.
   • The licensing agreement specifies the royalty payments for each product sold.
   • Both parties must adhere to the terms of the licensing agreement.