Licenses can be nontransferable, exclusive, limited or nonexclusive.
They establish the territory, royalties to be paid by licensee, sub-licensing rights and many other issues attendant to temporary transfer of proprietary rights. Owners of devices, structures, apparatuses, processes, and business methods covered by patents, trademarks, copyrights, and trade secret protection measures, can make money on this existing intellectual capital. These work products serve only as guidelines for laymen having no experience in legal affairs and attorneys desiring to amplify their expertise. The identity of the parties, trademarks and products or services has been changed. However, document terms remain essentially intact.