Co-Exclusive License Agreement

A license agreement, also known as a license agreement, is a legally binding agreement between two parties, which allows one party to use the other party`s intellectual property, such as a patent, trademark, or copyright. As a general rule, if this is not always the case, the party that is authorized by the owner of the intellectual property pays for the privilege of this right, either in a deposit or by the payment of a license for the duration of the agreement, based on a percentage of the turnover. By definition, a subcontractor`s rights must depend on the rights granted in the underlying license agreement. A patent sublicense agreement must therefore comply with the terms of the underlying license agreement, meet the terms of the underlying agreement, and contain relevant parts of the underlying agreement.