Out Licensing Clause Samples

The OUT-LICENSING clause defines the terms under which a party may grant licenses to third parties for the use of intellectual property or technology covered by the agreement. Typically, this clause outlines the conditions, approvals, and revenue-sharing arrangements required before out-licensing can occur, and may specify whether such licenses are exclusive or non-exclusive. Its core function is to regulate and control the distribution of rights to external entities, ensuring that both parties' interests are protected and that any resulting benefits or obligations are clearly allocated.