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What is an intellectual property license?

April 26, 2017intellectual property license

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What is an intellectual property license?

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An intellectual property license permits the licensee to use the licensed IP under specified conditions for a specified fee, typically a royalty. The license can be exclusive or non-exclusive and can be partitioned by geographical area, country, or end use, for example. Vertex can provide a wide range of services related to licensing , including short seminars on the basics of licensing.