What is a licensing agreement?

A licensing agreement is a contract between two parties that allows one party, called the licensor, to grant the other party, called the licensee, the right to use certain intellectual property. In the entertainment industry, this could include books, films, plays, music, or artwork. In Washington, this means that an author, artist, or musician may choose to license their work to someone else who would like to use it in their own project. This type of agreement is important because it allows the copyright owner to protect their intellectual property while also allowing them to benefit financially from the use of their work. A licensing agreement typically outlines the rights being granted, the payment and royalties due, the length of the agreement, and the rights the licensor retains. In addition, the licensor may also include confidential clauses and restrictions on the licensee’s use of the work. Licensing agreements exist to ensure that the intellectual property of the licensor is respected and that entertainment professionals are able to benefit from the use of their work.

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