What is meant by Licensing of design rights ?

Question

11 Jan 2021

Answer :

Word Count : 290

Licensing of design rights refers to the legal arrangement in which the owner of a registered industrial design or layout design of integrated circuits (semiconductor layout) grants permission to another party to use, produce, or commercially exploit the protected design. This arrangement is formalized through a licensing agreement or contract, which outlines the terms and conditions under which the licensee (the party receiving the license) can use the design. Key points regarding _______ __________ ____ _____ __________ ________ __________.
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