I recently noticed a Sidley Austin “practice note” (here) on use of revocable and irrevocable in license agreements. That’s something I hadn’t thought much about previously, so I found it of interest. The main takeaway:
Always include either “revocable” or “irrevocable” within the license grant.
If any of you licensing types have any observations, I’d be happy to hear them.
And incidentally, why use revocable and irrevocable instead of referring to termination? Perhaps because terminable is OK but nonterminable is kind of clunky.