What is another word for exclusive license?
Pronunciation: [ɛksklˈuːsɪv lˈa͡ɪsəns] (IPA) 
An exclusive license refers to a legal arrangement where the holder grants permission to another party to use a specific asset or intellectual property exclusively. However, there are alternative terms that can be used interchangeably to denote this concept. One such synonym is "sole license", which implies that only one entity possesses the rights to utilize the designated property. Similarly, "closed license" conveys a comparable meaning, illustrating the limited access granted to a single individual or organization. Furthermore, "restricted license" suggests a controlled and exclusive arrangement, where access is restricted to the authorized licensee. These synonyms aptly convey the notion of an exclusive license, highlighting the concept of sole possession and restricted access to a particular asset or intellectual property.
