Technology Terms Glossary
What is an Exclusive License?
In exclusive license, no company or individual other than the licensee can use the intellectual property. In an exclusive license, even the licensor loses its rights to use or exploit the rights of intellectual property. In an exclusive license, the licensee explicitly states the exclusive nature of the subject.
Exclusive License Benefits
Benefits of exclusive license include:
- Pro 1: Combine incentives between licensor and licensee
- Pro 2: Incentivizes patent holder
- Pro 3: Eliminates unexpected or hidden patent costs
- Pro 4: Improves operational flexibility of businesses
Here is a full article about the exclusive license.
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