What is a licensing agreement?

A licensing agreement is a legal contract between the owner of a copyrighted work and another individual or organization (known as the licensee). This agreement grants the licensee specific rights to use the copyrighted work in exchange for a fee or other form of compensation. In the case of art law in Mississippi, an artist may enter into a licensing agreement with an individual or organization in order to gain permission to use their artwork. The licensing agreement outlines the type of use permitted, the duration of the license, how the work is to be used, and other terms that both sides agree to. In addition, the licensing agreement may require the licensee to pay a royalty to the artist, usually based on sales or usage of the art. Licensing agreements are important for both the artist and licensee as they provide the artist with protection and appropriate compensation, while allowing the licensee to utilize the work without violating any laws.

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