The Licensee and Licensor may be called individually the “Party” or collectively the “Parties.” All references to the Licensee and the Licensor in this Agreement shall include, if relevant, the Parties’ parent companies, affiliates, and subsidiaries.
This Licensing Agreement (the “Agreement“) is made valid upon signature by both Parties (the “Effective Date”)
The Licensor owns the following property (the “Authored Work“). In accordance with this Agreement, the Licensor grants the Licensee an exclusive license to use the Authored Work.
This License provides the limited right to reproduce, publicly display and distribute the Authored Work only for the agreed upon terms set forth in this Agreement and signed by both Parties. The Authored Work used for any purpose not directly related to these terms must be with the express written permission of the Licensor and may include the payment of additional fees unless otherwise agreed to in writing.
The Licensee may use the Authored Work however they see fit, as long as their use is otherwise within the bounds of this Agreement. The Licensor retains title and ownership of the Authored Work and derivative works will be assigned to the Licensor by the Licensee.