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
Bitcoin Core
Bitcoin Core is the primary software client for running a Bitcoin full node, validating transactions, and contributing to the network’s proof-of-work consensus.
Crypto
A shorthand term for cryptocurrency - digital currencies secured by cryptography and operating on decentralized networks.
Implied Volatility
Market's expected annualized price fluctuation of an asset, derived from option prices.
Oracle (Prediction Market)
A trusted source that provides off-chain data to resolve the outcome of a prediction market contract on a blockchain.
Herd Behavior/Bandwagon Effect
The tendency of prediction market participants to follow prominent public signals, potentially distorting prices.
Basis Point
A unit of measure equal to one-hundredth of a percentage point (0.01%), used to express changes in interest rates, yields, or spreads in finance.