license

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license

An authorization for a particular person or entity to do some act on the land or property of another. Licenses are revocable at will, grant no exclusivity, and are not assignable.The one who receives the license is the licensee;the one who grants it is the licensor.

References in periodicals archive ?
This includes payments for a nonexclusive license for software that is readily available to the general public on similar terms, and which has not been substantially modified.
Par will pay Roche a onetime fee for its nonexclusive license.
84-78, amounts were foreign source when paid under both an exclusive and a nonexclusive license agreement, for the right to broadcast live in a foreign country a prize fight taking place in the U.
In addition, Beckman Coulter gained exclusive rights to use Orchid's SNP analysis technology for research and specialty testing applications and to grant further licenses, and received a nonexclusive license for diagnostic applications.
Computer software is "off the shelf" if it (1) is readily available for purchase by the general public, (2) is subject to a nonexclusive license and (3) has not been substantially modified.
As part of the settlement, UPS has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
Ambion obtained a nonexclusive license from Incyte Genomics to manufacture and sell RNA amplification kits using its RNA amplification technology .
As part of the settlement, Humana has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
Research Corporation Technologies (RCT) has granted Toshiba Medical Systems Corporation (Toshiba) a nonexclusive license to pioneering patents owned by RCT that broadly cover ultrasound tissue harmonic imaging (THI).
197 intangible" also would not include any computer software (however acquired) that is readily available for purchase by the general public, subject to a nonexclusive license, and not substantially modified; or any software (including custom software) not acquired in a transaction involving the acquisition of a trade or business.