Pre-negotiated Licensing Agreement
A pre-arranged contract for accessing resources with defined payment terms.
What is Pre-negotiated Licensing Agreement?
A pre-negotiated licensing agreement is a contract between a client and a server that outlines terms for accessing resources, including payment schedules and methods, often used in the x402 protocol’s deferred payment scheme. These agreements allow agents to access gated content without immediate per-request payments, enabling batch settlements or subscription-like models. For example, a crawler might use such an agreement to access multiple pages and settle payments daily via stablecoins or traditional methods.
Related Terms
Mobile Payment
Payments made via mobile devices, often using apps or QR codes.
Margin Call (Lending)
A notification to borrowers to add collateral or repay part of a loan to restore a safe LTV ratio.
Maintenance Margin
The minimum collateral required to keep a leveraged position open.
Market Cap
The total value of a digital asset’s circulating supply, calculated by multiplying its current price by the number of coins or tokens in circulation.
Margin (Perp Dex)
Collateral deposited to open and maintain leveraged trading positions.
Liquidation (Perp Dex)
The forced closure of a leveraged position when margin falls below the required level.