Refers to a licence to an intellectual property right, typically copyright, which does not grant all the rights which the owner of the intellectual property possesses, but only some of those rights. It can further apply to a grant of certain rights, but subject to various limitations on their use. A limited licence can also be limited as to time – i.e., have an expiry date that occurs earlier than the end of the intellectual property right term.
Term posted by Origin on 14 June 2013 in Intellectual Property
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