License agreement

A license agreement is a legal contract between two parties, typically a licensor and a licensee. This agreement allows the licensee to use certain intellectual property, such as software, trademarks, patents, or other proprietary materials, under specific conditions laid out in the contract. License agreements are crucial in protecting the rights of the intellectual property owner while granting permissions to the user, ensuring that both parties understand their obligations and limitations. These agreements can cover various aspects, including the duration of use, geographic restrictions, financial terms, and quality control measures. In the gambling industry, such agreements often help operators legally access necessary software and branding, ensuring compliance with regulatory standards.