Back to Glossary List >>

License

Smith Hopen Intellectual Property Term Glossary Definition for License
A license is simply a promise not to sue. In the context of intellectual property law, licenses are usually granted in exchange for royalty payments or as a settlement to a countersuit for infringement.


© 1999- 2019 Smith and Hopen, P.A.  SMITH & HOPEN® and logo are federally registered trademarks.  Legal