What is a licensing agreement?

A licensing agreement is a legal contract between two parties, in which one party (the licensor) grants another party (the licensee) the right to use specific intellectual property. This includes patents, copyrights, trademarks, and trade secrets. In a licensing agreement, the licensor allows the licensee to manufacture, distribute, sell, or use the licensed property with the expectation of receiving some compensation. In New Hampshire, entertainment law licensing agreements are often used to protect rights to TV shows, movies, music, and other products that are used in entertainment industry productions. A licensing agreement allows the licensee to use the property within a certain set of parameters, such as only in a certain geographic area and for a predetermined length of time. A licensing agreement can also restrict how the licensee can use the property, such as limiting the number of copies that can be made of a product. It is important to remember that a licensing agreement is a legal contract and requires both parties to abide by the terms of the contract. Licensing agreements are an important aspect of entertainment law in New Hampshire, and should be taken seriously. It is important to fully understand and negotiate the terms of a licensing agreement before signing, to ensure that both parties understand and agree with the conditions outlined in the document.

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