Is sole and exclusive the same?
Is sole and exclusive the same?
“Sole,” on the one hand, means only one person has the legal right to use the product. “Exclusive,” however, actually means only one other person has that right. But sole and exclusive is also used with with right, owner, remedy, and doubtless other words.
What does an exclusive license mean?
An exclusive licence is one where the licensee is given the right to commercialise the IP to the exclusion of all others, including the licensor.
What does sole and exclusive property mean?
Enjoy top-notch marketing: With a sole and exclusive mandate, your agent is solely responsible for the sale of your property. In this case, an agent with a buyer might put pressure on you to accept a lower-than-expected offer – or lose the sale.
What is a sole license?
sole license means a license whereby a licensee’s rights are sole and operate to exclude all others, other than the licensor thereunder (i.e., a license under which only the licensor and a single licensee can utilize the subject matter of the license).
What does it mean by non-exclusive?
non-exclusive. adjective. LAW. not limited to only one person or organization, or to one group of people or organizations: a non-exclusive agreement/deal/licence They have entered into a non-exclusive distribution agreement.
Can a Licence be exclusive?
Licence – A licence arises when a licensor grants a licensee a contractual right to occupy premises in return for the payment of a licence fee. In law, a licensee is not entitled to exclusive possession of the premises. The sublicensee is not entitled to exclusive possession of the premises.
What is the difference between exclusive license and non-exclusive license?
An exclusive license grants the licensee singular permission to exploit the intellectual property in question. Non-exclusive licenses allow more latitude in the number of licenses granted while allowing the licensor to retain the rights to further develop and exploit its own intellectual property.
At what point should you be exclusive?
“The best way to truly learn about another person is to take the time needed to truly get to know them before making a commitment to them.” And while there’s no exact right amount of time, she says you should wait anywhere from one to three months before making the relationship exclusive.
What is an exclusive license agreement?
An exclusive licensing agreement gives a licensee the sole rights to use the intellectual property of the licensor during the length of the agreement between the parties. Similar to an assignment of rights by the property owner, through an all-encompassing exclusive licensing agreement…
What is a co – exclusive license?
Definition of Co-Exclusive License. Co-Exclusive License means the grant by the owner of Intellectual Property of an equal joint Exclusive License to two entities.
What are exclusive rights agreement?
An exclusive rights contract is signed between a producer and a music artist . The agreement enables the artist to use the beat in any number of recordings. It contains terms such as what rights are granted, compensation paid to the grantor, obligations of the parties and settlement of disputes.