sole licence

noun

  • Intellectual Property Law

Definitions of sole licence

  • a licence (=a right to use property for a purpose without transferring ownership or possession) to use a patented invention, under which the patent holder may use the invention him or herself, but may not grant (=to give or allow someone something) another license to use the same invention

    The deal gives MediCo a sole licence to manufacture therapeutic proteins for pre-clinical studies.

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Phrase Bank for sole licence