👉 A granted fluid, often referred to as a grant of rights or license, is a legal document that legally permits one party (the grantor) to use another party's intellectual property, such as patents, copyrights, trademarks, or trade secrets, for a specified period and under defined conditions. This agreement establishes the terms under which the grantor allows the licensee to utilize the intellectual property, typically in exchange for royalties or other compensation. The granted fluid ensures that both parties adhere to agreed-upon rules, protecting the rights of the original creator while enabling the licensee to leverage the intellectual property for business or research purposes.
