Exclusive License Agreement Definition

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The exclusive classification of licenses is not restrictive and other types of licenses are available. There is a “co-exclusive” licensor that grants multiple licenses, unlike a single licensee, but accepts that it limits licenses to a limited group. There will be licenses. These are exclusive in such a way that there are no additional licensees, but the licensor reserves the right to value its own intellectual property. Companies that have entered into licensing agreements may be immune from legal action because the patent belongs to a separate entity. This means that a contractor, customer, employee, angry partner, competitor or other person cannot sue the company in the hope of winning the patents. This makes a company much less attractive to a complainant. .