licence

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Related to licenses: Software licenses

licence

  1. the assignment by one firm to another (exclusive licence) or a number of firms (non-exclusive licence) of the right to use its technology or distribution network or to produce its product. Similarly, the grant by the government to an authority (for example an airport) or firm of the rights to supply a particular product. Licences are contractual arrangements which are entered into usually for a specified period of time, with the licensee paying a lump sum payment and/or a royalty or fee for the rights assigned. For an innovating firm with limited financial resources of its own, licensing offers a means of obtaining extensive national and international sales potential (see FOREIGN MARKET SERVICING STRATEGY) and a quick return on its risk capital. The danger is that the firm, by providing actual and potential (long run) competitors with its know-how etc., will lose control of core technology and products to rival producers. To safeguard this and also to provide greater technological collaboration between firms working both in complementary and diverse areas, a cross licensing arrangement may be established involving the reciprocal licensing of each other's products or technology.
  2. a document issued by a licensing authority as a means of ensuring that persons or premises are ‘fit and proper’ for the activities in which they are engaged, for example, an investment adviser or premises for the consumption of alcoholic drink.
  3. a document which shows proof of legal ownership (or entitlement) or compliance with a statutory or private requirement in which a fee is payable, for example a television licence issued by the government, or a private fishing licence. See EXPORT LICENCE.

licence

  1. the grant by one FIRM to another firm (exclusive licence) or others (nonexclusive licence) of the right(s) to manufacture its product, or to use its technology or distribution facilities. Similarly, the grant by the government to an authority (for example, a gas corporation) or firm of the rights to supply a particular good or provide a particular service. The granting of a licence in these cases is a CONTRACTUAL arrangement that is entered into, usually for a specified period of time, with the licensee usually paying a ROYALTY or FEE for the rights assigned. See EXTERNAL GROWTH, STRATEGIC ALLIANCE, FOREIGN MARKETING SERVICING STRATEGY.
  2. a document that shows proof of legal ownership (or entitlement) and compliance with a statutory or private requirement for a payment thereon, for example, a television licence issued by the government or a private fishing licence. Such licences are issued primarily for the purpose of raising revenue.
  3. a document issued as a means of ensuring that premises or persons are ‘fit and proper’ for the purposes in which they are engaged, for example, a licensed casino, a licensed dealer in securities.
References in classic literature ?
Get a seven-days' license, and I'll make it worth your while;' and you know, Polly, they are very good customers to us.
Thank God, you earn enough to keep us, though it is sometimes close work to pay for all the oats and hay, the license, and the rent besides; but Harry will soon be earning something, and I would rather struggle on harder than we do than go back to those horrid times when you hardly had a minute to look at your own children, and we never could go to a place of worship together, or have a happy, quiet day.
Before Josie had told the news Anne's highest pinnacle of aspiration had been a teacher's provincial license, First Class, at the end of the year, and perhaps the medal
When he had said thus he comes upstairs, and I was by that time come out of my room; so he tells me the minister was below, and that he had talked with him, and that upon showing him the license, he was free to marry us with all his heart, 'but he asks to see you'; so he asked if I would let him come up.
SANTA CLARITA - Traffic on San Fernando Road slowed to a crawl Thursday morning as sheriff's deputies enforced a driver's license checkpoint, netting more than 20 motorists driving without valid licenses.
Under the program, third party developers can obtain licenses to protocol technology developed by Microsoft as part of its Windows family of client and server operating systems.
Today's license negotiations are hard bargains; discounts depend heavily on the size of the sale, and market-leading software companies feel little incentive to lower their prices or make concessions on the terms of their licenses.
Their concerns about licensing are understandable, because of the potential cost of the classes and licenses.
We used to define site licenses by the number of subscribers.
States have a variety of license laws for resident agents and require nonresidents to obtain several licenses.
June 15 /PRNewswire/ -- California's 1995 fishing licenses will please the fishing public: smaller and easier to replace if lost.
MPEG LA announced today that the fourth meeting of essential Blu-ray Disc(TM) patent owners, currently consisting of 18 companies, was held in New York on February 6-7 for the purpose of creating a joint license providing fair, reasonable, non-discriminatory access to essential patents, as an alternative to negotiating separate licenses.