Without this agreement, the owner of valuable intellectual property would not be able to make money with that IP or control how the IP is used around the world. And individuals and companies that need some intellectual property to grow their businesses or make a living may not have access to it. The following example license agreement describes an agreement between licensor “Valerie J Toups” and licensee “Matthew K Jordan”. Valerie J Toups agrees to allow Matthew K Jordan to use the Licensed IP on the specified terms. However, a non-exclusive licence gives the licensee the right to use the intellectual property rights, but on a non-exclusive basis. This means that the licensor can still exploit the same intellectual property rights and can also allow other licensees to use the same intellectual property. In 2015, Apple Inc. and telecommunications equipment maker Ericsson agreed on a comprehensive licensing agreement that ended a year-long patent dispute between the companies. A version of the AIGA standard (original document in PDF form, including other information and comments) can be downloaded under www.aiga.org/standard-agreement/) suitable for interactive and web works for which the designer wishes to grant a limited license and not accept modifications.
Other licensing options are available: Standard Contract for Design Services – Interactive/Web Works, Exclusive License, No Modification, Standard Agreement for Design Services – Interactive/Web Works, Exclusive License, Permitted Modification. Show More and Default Agreement for Design Services – Interactive/Web Works, Full Assignment A license agreement is an advantageous legal document between two parties – the licensor or person holding the intellectual property (IP) and the licensee or person who obtains a license to use the IP. The licensor may own a copyright, trademark, patent, service mark, trade secret, know-how or other IP. An exclusive license grants the licensee an exclusive license, but the licensor reserves the right to use the intellectual property. Therefore, although the licensor does not grant additional licenses, the licensor may continue to use the IP and all previous licenses may remain in effect. Customer may not assign or transfer the Agreement or the rights granted under this Agreement.