Licenser

A Licenser is an individual or entity that grants permission to another party (the licensee) to use their intellectual property, trademarks, copyrights, patents, or other proprietary rights, typically in exchange for royalties or other forms of compensation. This permission usually comes in the form of a license agreement that outlines the terms and conditions of use, scope, and duration. The Licenser retains ownership of the intellectual property while allowing the licensee to utilize it within the defined parameters.

Licenser meaning with examples

• The software company acted as a Licenser, allowing other developers to integrate its APIs into their applications. This generated revenue from licensing fees. They carefully vetted potential licensees to ensure the API was used ethically and didn't infringe on its patents. The Licenser prioritized maintaining its brand reputation and ensuring security protocols were followed.
• As a Licenser, the author of the popular children's book granted a toy manufacturer the rights to produce and sell figurines based on the characters. The agreement stipulated a royalty percentage based on sales. The Licenser regularly audited sales figures. The agreement included clauses to protect the intellectual property. There were penalties for unauthorized merchandise.
• The record label functioned as the Licenser of its artists' music, negotiating deals with streaming services for the distribution of their songs. They also licensed their tracks for use in films and commercials. The Licenser ensured proper royalty payments were made to both artists and composers. Negotiations determined the scope of use. They enforced copyright protections vigorously.
• The university served as a Licenser, allowing a pharmaceutical company to develop and market a drug based on its patented research findings. The license granted the company exclusive rights in exchange for upfront payments and future royalties. The Licenser collaborated closely with the company to ensure smooth development. They retained control over the use of the research data and maintained oversight of the drug development.
• A company specialized as a Licenser granted a retailer the use of its unique brand name and logo on their product line. The Licenser provided marketing and promotional support. The retailer benefited from the established brand recognition and customer loyalty. The agreement included strict quality control measures and defined the permitted product range. The Licenser aimed to maintain its brand equity.