Besides license agreement terms, federal laws provide stiff civil and criminal penalties for pirating and other unauthorized use of other's property.įor example, many inventors and technology companies use patented methods and closely-held practices as the basis of licensing activity. Background information on the applicant may be required when reasonably related to the issuance of the license and not based upon discriminatory reasons.Ī licensing agreement is an agreement between two enterprises allowing one to sell the other's property such as products or services and to use their name, sales literature, trademarks, copyrights, etc. Training, educational, or financial responsibility qualifications may be required. Any qualifications attached to the issuance of the license must meet constitutional due process requirements and not be discriminative. Licensing may be used to raise revenue or to fund the regulation of activities. License fees may be imposed, but must be reasonable and not so expensive as to prevent persons from the right to pursue a trade or occupation. A license is a contractual right that gives someone permission to do a certain activity or to use certain property owned by someone else. A license or permit is an offical authorization to do something that the person would not be entitled to do without the license or permit.
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