Our experienced licensing agreement lawyers can help guide you to the best outcome so you can move forward with your commercial project with confidence.
A licence agreement can be used by landlords to let a person use their property for a specific purpose and time period. While it is similar to a lease, licensing agreements are different to commercial leases in two specific ways:
- Exclusivity: While they have the right to use the property, a licence agreement cannot give someone exclusive possession of a property. This makes licensing agreements useful if you’re giving someone the right to use part of an open space, like a building foyer.
- Proprietary rights: A licensing agreement gives someone the right to use a property or space, but it doesn’t give them other rights over the property. This is different from a lease where the tenant can do more with the property, like assign their lease to someone else.