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Ipglossary.com is a practical glossary for managers, executives and technologists as well as lawyers working in IP in an international environment. The glossary provides practical explanations of key legal and business terms in a large number of technology related fields including intellectual property, licensing, venture capital, corporate and securities law, antitrust and competition law, and of course terms relevant to technology, in general. Read more

A license for a fixed period of time, usually based on a fully paid up royalty. Term licenses can be very risky for a licensee, if renewal terms are not pre-agreed and the licensee is not absolutely certain that it will cease commercial activity using the IP right by the time the term is expired, since if the licensee does need to renew, it will usually have a very poor bargaining position vis-à-vis the licensor.

See term