What You Should Know About a License Agreement

If you are the creator of a “product,” such as software, copyrighted images, videotape or film --  or any other original medium that you lend to others for a price, you should have a good license agreement in place. A license agreement primarily protects the copyright holder and/or patent holder from liability, as well as stating the specific terms of the agreement, such as how the product may be used, whether there are warranties as to its performance, and the length of time the license will be in effect.

What You Should Know About a License Agreement

If you are the creator of a “product,” such as software, copyrighted images, videotape or film --  or any other original medium that you lend to others for a price, you should have a good license agreement in place. A license agreement primarily protects the copyright holder and/or patent holder from liability, as well as stating the specific terms of the agreement, such as how the product may be used, whether there are warranties as to its performance, and the length of time the license will be in effect.