Definition Edit

An exclusive license is

an agreement under which the owner of certain intellectual property rights (the "licensor") grants to another party (the "licensee") the right to use the intellectual property to the exclusion of all others, including the licensor.
a license that gives the licensee the sole right to perform the licensed act, often in a defined territory, and that prohibits the licensor from performing the licensed act and from granting the right to anyone else; [especially], such a license of a copyright, patent, or trademark right.[1]

Refeerences Edit

  1. Black's Law Dictionary 1003 (9th ed. 2009).