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 ?
As Licensors, our Members currently have license agreements with over 2,000 licensees with sales of licensed goods exceeding USD$30 billion.
Pre-netting takes these pre-existing licenses into account and subtracts what would be due licensors that have the granted pre-existing licenses when calculating royalty payments.
Naturally, the type of licence, and its terms, will greatly influence the royalties paid to the licensor.
Instead of dealing with 20 different people in 20 different countries, licensors will deal directly with Tycoon representatives, operating out of pre-existing Promos offices.
In a licensing arrangement, the licensor typically offers a licensee the right to produce and distribute the licensor's products for a defined period in exchange for a royalty.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P INDICES OR ITS THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE.
We are pleased to announce that Sharp has joined our licensing program as a licensor and is now making available their essential patents via the One-Blue program.
In addition to major toy manufacturers, exhibitors will include entertainment companies, licensors and retailers.
One-Blue is proud to announce that TAIYO YUDEN joins our licensing program as the thirteenth licensor.
AIG Elite Global IUL is in no way sponsored, endorsed, sold or promoted by the Licensors and neither of the Licensors shall have any liability with respect to this product.
YAMAHA has contributed to the Blu-ray Disc[TM]standard and joins current licensors Cyberlink, Dell, Hewlett-Packard, Hitachi, JVC Kenwood, LG Electronics, Panasonic, Philips, Pioneer, Samsung and Sony.
VIZ Media is one of the industry's leading licensors of Japanese animation and Cartoon Network is the preeminent broadcaster of Japanese animation and we believe that our collective forces will make Toonami Jetstream the online destination of choice for action-adventure animation fans.

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