Encyclopedia
License Agreement
1. Under a licensing agreement, one party — the holder of exclusive rights to the result of intellectual activity or to a means of individualization (licensor) — grants or is obliged to grant another party (licensee) the right to use such result or such means within the limits specified in the agreement.
Source: "Civil Code of the Russian Federation (Part Four)" dated 18.12.2006 No. 230-FZ (as amended on 08.12.2011)