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 ?
It is important for the licensor to monitor the bankruptcy case.
The best way to manage this risk is to ensure the licensing agreement gives the licensor adequate quality control.
Fifteen patent owners are licensors in the pool operated by One-Blue, namely Cyberlink, Dell, Fujitsu, Hewlett- Packard, Hitachi, JVC Kenwood, LG, Panasonic, Philips, Pioneer, Samsung, Sharp, Sony, Taiyo Yuden, and Yamaha.
Other courts, relying on the language of comment (d), concluded that trademark licensors could be held liable as ostensible manufacturers, even in the absence of evidence of participation in the chain of distribution, where the licensor's name appeared on the product and there was no prominent disclosure of the actual manufacturer.
However, by understanding the effect of the Bankruptcy Code, including the rights and obligations under section 365(n), as well as taking into account the foregoing drafting techniques, licensors and licensees can better prepare themselves for the unexpected notice of their counterparty's bankruptcy filing.
Non-exclusive rights--a number of licensees and the licensor are permitted to produce and sell the product.
Building strong business relationships between the licensor and its licensees, and broadening the skills of company personnel are often overlooked benefits of licensing.
Software licensors vary from offering no warranty at all, warranting the media only for a very limited time to warranting that the software, if used in accordance with the documentation, will achieve substantial functionality for a limited time.
PLN offers licensors access to local market familiarity for developing more effective regional strategies and who's who knowledge in each territory of the region.
The license agreement sets out the rights, privileges and obligations of both the licensor and licensee.
This translates to the highest exposure to licensors of their valued properties, and in the largest selection of properties for licensees--an ideal environment for both sides.
expectations -- licensors are banking on a strong slate of "merchandisable" pics, including one of Hollywood's most profitable franchises, to provide a much-needed boost to the $12 billion-a-year worldwide industry.

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