A license agreement defines the terms under which this resource property is licensed to another, either without restriction or subject to a limitation on term, business or geographic territory, type of product, etc. This license agreements may be regulated, particularly where a government is the resource user and/or for the national/ international reporting application use of the BEEInfoSTRIP™ report type.

Intellectual property includes the words we read, the images we see, the videos we watch, and the music we listen to. Most of it is made available to us for free. But free doesn’t make it ours.