A colloquial expression for intellectual property license that allows the licensee all the rights the owner of the licensed intellectual property would normally have, i.e., to make, have made, sub-license, etc. in any field of use. Sometimes full-rights may be qualified by territory and the rights are not necessarily transferable or assignable. A full rights license may not be feasible if the licensor has already transferred certain rights to another party. Full rights licenses are relatively rare.