oboloo Glossary

Limited Use License Agreement

oboloo Glossary

Limited Use License Agreement

A Limited Use License Agreement is a legal contract that grants the licensee (the individual or organization receiving the license) the exclusive right to use specific content, technology, or software in a limited capacity. It also outlines the permitted uses of the licensed material and the conditions for its use, such as copyright law, ownership rights, fees, etc. This agreement generally includes terms regarding indemnification in the event of a breach of the agreement. As with any legal document, it’s important to read and understand all of the terms before signing a Limited Use License Agreement.