Legal English Challenge 2023 – Day 11

Read the short text about licence agreements, then select the correct option from the list to complete (1) ….. to (10) ….. .

___1___ (persons or organizations who give another person or organization official permission to make, do, or own something) use license agreements to grant their ___2___  (persons or organizations who have official permission to make, do, or own something) the right to use certain ___3___ (an umbrella term for a set of intangible assets or creations of the human mind), including software, ___4___ (symbols, phrases, or insignia which are recognizable and represent products which legally separate them from other products), ___5____ (brand names or logos which identify businesses), inventions, and ___6____ (property right granted by a government office allowing the inventor exclusive rights to the invention).

Besides the property being licensed and the ___7___ (usually defined as a percentage of sales or a payment per unit as payment to an individual or company for the ongoing use of their assets, including intellectual property), license agreements can also include ___8____ (assertions that certain facts are true on the date they are made to induce the other party to enter into a contract),  ___9___ (a promise to indemnify if an assertion is false), termination provisions, terms of___10___ (an undertaking to protect somebody against future damage, loss or injury) and dispute resolution clauses.

Now, press the START button to select the correct option from the list to complete (1) ….. to (10) ….. .