The two primary reasons for entering in the licensing agreement are:. It helps the licensee to differentiate the product from other products offered by the competitors in the market. Further, it also assists the licensing company in reaching new customers at a low price. In licensing, the licensor gets the advantage of entering the international market at little risk.
However, the licensor has little to no control over the licensee, in terms of production, distribution and sales of the product. In addition to this, if the licensee gets success, the firm has given up profits, and whenever the licensing agreement expires, the firm might find that it has given birth to a competitor. David US English. Mark US English. Daniel British. Libby British. Mia British. Karen Australian. Hayley Australian.
Natasha Australian. Veena Indian. Priya Indian. Neerja Indian. Zira US English. Oliver British. Wendy British. Fred US English. Tessa South African. How to say licensing in sign language? Examples of licensing in a Sentence Lisa Cosmas Hanson : It will be a big let down to a revitalized industry if the delay to licensing continues for any significant period of time, hopefully the halt is merely procedural and the licensing process will return to normal swiftly. Erick Robinson : I don't think Intel has quite the portfolio that Qualcomm has, but they certainly have a large enough one to impact the valuations when it comes to a cross- licensing deal, it'll save Apple a huge chunk of change in cross-license deals.
Music licensing can be complicated because there are many technical terms and it is not intuitive. The first thing you must know about music licensing is that there are two components to every piece of music: the composition and the sound recording. The sound recording is the musical reproduction of the composition that you hear.
Below is a discussion of the distinction between compositions and sound recordings, and other topics you should have in mind when considering music. It is essential to understand the distinction between compositions and sound recordings. So, to repeat, a composition is the music sheet that you read, while the sound recording is the musical reproduction of the composition that you hear.
When incorporating music into your work, you may need to license either the composition or the sound recording, or both, depending on the circumstances. Modern Songs — Most songs you hear today are original and were made within the last years or so, which means that both the composition and the sound recording are going to be copyrighted generally, assume that the composition and sound recording for any song you want to use are copyrighted to avoid surprises.
To use one of these songs in your work, you will have to license both the composition and the sound recording. Classical Music — For the most part, the classics like Beethoven and Mozart are old enough that the compositions are in the public domain but always check — the works of many 20th century classical composers are still under copyright.
A work is in the public domain when copyright laws do not apply to it, normally because the term has expired. The good news here is that because the compositions are public domain, you do not have to license them. Cover Songs by you or someone else — Cover songs are a good way to avoid the expense and hassle of licensing a sound recording of a song by a popular band.
Original Music by you or someone else — Original music can do two things: save you the costs of licensing, and give your production a bump since you will have music that no one else does. If you write and perform your own music, you will not have to license the composition or sound recording but you still want to protect it see Basics of Copyright Protection.
Remember that you want to commission both the composition and sound recording as works made for hire. Music licensing is complicated because you have to balance the composition and sound recording. So, as long as you can remember that music licensing involves both elements, you will avoid major surprises. You now know that you may need to license a composition and sound recording. Where do you go to get these licenses?
To license a composition, you need to contact the music publisher. These societies license certain music rights, such as public performance rights, but they do not license other rights, such as synchronization rights see below for more on what these rights are. Although they may not be able to help you with the specific rights that you need, they will have the contact information for the music publisher.
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