Intellectual Property Licensing Agreement

This Agreement is used to give permission to another individual to allow them to use your intellectual property, specifically your copyrighted material or your registered trademark. It includes provisions for how you, the owner of the intellectual property will grant the license or give permission for the other party to use that property. This Agreement is used when the creator of intellectual property wants to allow someone else to use their property but will still retain their rights to the property. It includes a section on how compensation will be handled in exchange for giving the license and allows for either a one-time payment or an ongoing royalty.