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Licensee
An individual or entity that has been granted the legal permission by a licensor to engage in certain activities or use certain property under agreed terms.
Patent
An exclusive right granted for an invention, which allows the patent holder to exclude others from making, using, selling, or distributing the patented invention for a certain period of time.
TRIPS Agreement
The Agreement on Trade-Related Aspects of Intellectual Property Rights, which sets minimum standards for regulating different forms of intellectual property.
Intellectual Property Rights
Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields, protecting the creator's work from unauthorized use.
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