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exclusive licence

noun

Definitions of exclusive licence

  • the right for a licensee (=the person to whom the licence is granted) to use intellectual property, eg patent, where no person or company other than the named licensee can use the relevant intellectual property rights, including the licensor (=the grantor of the licence)

    "Under the terms of the agreement, Medica will provide a worldwide exclusive licence to Nephros for its ultrafiltration technology."

Phrase Bank for exclusive licence

Additional Notes for exclusive licence

Synonyms of exclusive licence

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