Licensor

Licensor

Licensor in International Trade

Meaning of Licensor, according to the Dictionary of International Trade (Global Negotiator): A person or a company with exclusive legal rights over a thing that gives, sells or otherwise surrenders to another a limited right to use that thing. The person benefiting from the grant is called a licensee and the legal term used to describe the authority so given is license. There are many types of licence agreement. The most used in international trade are the International Manufacturing License Agreement and the International Trademark License Agreement


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