An exclusive license gives the licensee the exclusive and exclusive right to use the IP – even the licensee cannot use the IP. Once a licensee issues an exclusive license to someone, no other license for that IP address can be granted to third parties. A licensing agreement is a legal document between two parties – the licensee or the person who owns the intellectual property (IP) and the licensee or person who obtains a license for the use of the IP address. The licensee may hold a copyright, trademark, patent, service mark, trade secret, know-how or other IP. In 2014, Microsoft sued Samsung, claiming that Samsung had missed a license payment estimated at more than $1 billion. A single license grants an exclusive license to the licensee, but the licensee reserves the right to use the IP. Therefore, although the donor does not grant additional licenses, the licensee can continue to use the IP address and all previous licenses may remain in effect. A non-exclusive license grants the licensee a license for the use of the IP, but the licensee is free to use the IP and provide licenses to whom he wants. As a result, many parties may hold licenses for the same IP address at the same time.
If you have a patent on a useful technology, you have a copyright in a popular photo, you have protected a special image, or you own another invention or creative work with which you want to make money, you need a licensing agreement. This agreement allows you to set the terms of everything related to this specific IP address and protect your property rights, including how the licensee can use the IP, which owns the IP, which can sublicens IP, the license price for the IP and the length of time the licensee can use the IP. The following type licensing agreement includes an agreement between licensee Valerie J Toups and licensee Matthew K Jordan. Valerie J agrees to allow Matthew K Jordan to use the IP granted under the specified conditions. In 2015, Apple Inc. and telecommunications equipment maker Ericsson agreed to a comprehensive licensing agreement that ended a year-long patent litigation between the companies.