What is a limited exclusive license?

A limited exclusive license is a type of legal agreement in which an individual, typically referred to as a licensor, gives a person or organization, typically referred to as a licensee, exclusive access to certain intellectual property rights. For example, in Delaware a copyright owner may grant a licensee exclusive rights to use the copyrighted work in a limited geographic area, or to distribute the work in a certain format. The licensor retains all other rights associated with the intellectual property, such as the ability to publish or reproduce the work more broadly. The licensee will also agree to certain limitations, such as a time limit on the agreement or a prohibition on modifying the work. In Delaware, limited exclusive licenses are sometimes referred to as “special permission agreements.” This type of agreement can be useful for people who want to grant limited rights to another person or organization without transferring full ownership of the intellectual property. It can be especially beneficial for copyright holders in Delaware as it allows them to retain control over their works while still granting access to potential partners.

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