Massachusetts General Form of License Agreement Regarding Right to use Real Property

State:
Multi-State
Control #:
US-00998BG
Format:
Word; 
Rich Text
Instant download

Description

A license only gives one a personal privilege to do something on the land of another. A license is not an interest in land, but is a privilege to do something on the land of another person. Upon the sale of the property, subject to the license, the license terminates unless a new license is executed. This form is an example of such an agreement.

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  • Preview General Form of License Agreement Regarding Right to use Real Property
  • Preview General Form of License Agreement Regarding Right to use Real Property
  • Preview General Form of License Agreement Regarding Right to use Real Property
  • Preview General Form of License Agreement Regarding Right to use Real Property

How to fill out General Form Of License Agreement Regarding Right To Use Real Property?

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FAQ

These are some common types of licensing agreements: Trademark license - outlines how you may use a trademark Patent license - outlines your right to sell, use, make distribute and export a product that is patented Copyright license - outlines your right to reproduce and sell copyrighted assets.

An intellectual property licensing agreement typically occurs between an IP rights owner (?licensor?) and someone who is authorized to use the rights (?licensee?) in exchange for monetary value in the form of a fee or a royalty, or both.

Generally, there are three types of licensing agreements: exclusive, sole, or non-exclusive. In an exclusive license, the licensee is only the party that can use the licensed intellectual property.

The steps for making a license agreement are as follows: Download a template for a licensing agreement. Choose your role as the licensor or licensee. Define the license(s) in the agreement. Decide whether the license is exclusive or not. Settle the matter of fees and payment schedule. Add a renewal date and rules.

Examples: Apple granting individual computer users a license allowing them to use the Mac operating system and, Spotify granting subscribers a license to listen to music on the Spotify network. The license of a patent where the licensee is granted the right to use a patented process or technology.

An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations.

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Massachusetts General Form of License Agreement Regarding Right to use Real Property