Licensing a product refers to the legal authorization that allows an individual or organization to use, produce,…
exclusive license
1 Article with this Tag
An **exclusive license** is a type of legal agreement granting the licensee the sole right to use, produce, or distribute a particular work, product, or intellectual property within a specified scope or territory. Under an exclusive license, even the owner of the rights agrees not to grant the same usage rights to any other party, ensuring the licensee has unique control and commercial advantage. This term is commonly used in fields like publishing, software, music, and patents.