# Intellectual Property License Agreement

**IRI:** https://folio.openlegalstandard.org/RCgHPUjj8sMRl3Do8koXLiG

## Labels

## Definition

An Intellectual Property License Agreement grants a party the right to use a specific intellectual property owned by another party under specified conditions. It doesn't transfer ownership but allows for certain usages, often in exchange for compensation.

## Sub Class Of

- https://folio.openlegalstandard.org/RC0D5sYWEbeH4f6F0f70uMz
- https://folio.openlegalstandard.org/RKKRGOkIme6pnG2BSePt1Z

**Deprecated:** False