An IP owner may give another person the right or permission to create, use or sell property or property that embodies ip or is covered by it by a contractual license. A license can apply to any type of IP – trademark, patent, copyright, design and/or know-how. Under license, the donor retains ownership of the IP and the licensee is allowed to use the IP address only in accordance with the terms of the license. 1.6.1 ProView`s unreased permanent content: ProView content that is not updated or for which the Licensee has not acquired a license to update and which, subject to paragraph 2.3, permanent access to the version of ProView`s conceded content and to all notes created about that version (see paragraph 4) subject to the terms of this license. Any reissue of ProView content is re-purchased; or free software licenses have lower restrictions than proprietary software licenses. The software can be used freely by users to modify or redistribute the software, which would otherwise be prohibited by copyright. Thus, free software licenses are subscribed by the owners of the software if they want to give recipients the privilege of modifying or redistributing the copyrighted work. To make your product available on the market, you can license it through the agreement and not necessarily sell it. The software license is better because it allows you to retain all rights and impose restrictions on the use of the software.
In addition, it gives you the freedom to license the software to more than one customer and earn money in the long run. A software license agreement is a legal contract between the software owner and its buyer. The main purpose of the software license agreement is to protect the interests of the company that sells the software as well as the buyer. The agreement acts as a complete package to the buyer that contains details on where, how and how often it can be installed, the price of the software, restrictions on the use of the software. In addition, the agreement also mentions the buyer`s ability to copy, modify or redistribute them. Thus, the patent holder must be included in the infringement procedure and be involved in the infringement procedure if he is brought by the licensees as the principal accused or co-owner of the patent.