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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| AMCAL has relationships with licensors including Thomas Kinkade, Charles Wysocki, Warren Kimble, Cheri Blum, and Debbie Mumm. Talks are being held with potential licensors who have been invited to own stakes in the projects. To support the IRS contention that licensors can force renegotiation of royalties when profitability of a licensed product unexpectedly rises, either (i) license agreements must contain termination or renegotiation clauses that can be activated by the licensor without showing cause or (ii) license agreements must be short-term agreements that can be renewed at their termination. |
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