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enerett

substantiv

full

exclusive licence

noun

Definitions of exclusive licence

English

the right for a licensee (=the person to whom the licence is granted) to use intellectual property, eg patent, where no person or company other than the named licensee can use the relevant intellectual property rights, including the licensor (=the grantor of the licence)

Under the terms of the agreement, Medica will provide a worldwide exclusive licence to Nephros for its ultrafiltration technology.