licence

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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 periodicals archive ?
A total of 1,947 new licences were issued in Abu Dhabi city, 567 in Al Ain city, and 87 in the Al Dhafra region, in addition to 1,171 Tajer Abu Dhabi -- Golden Package licences, and 82 Instant licences, reported Emirates news agency Wam , citing the commercial activity report of Q2 of 2019 issued by the department's Abu Dhabi Business Centre.
According to the report, 1,947 new licences were issued in Abu Dhabi city, 567 in Al Ain city, and 87 in the Al Dhafra region, in addition to 1,171 Tajer Abu Dhabi Golden Package licences, and 82 Instant licences.
A report by the home department, submitted to the Sindh Assembly Secretariat, lists the 18 new features to the computerised driving licences, including tracking via a mobile phone app.
This is being released as a web table showing information on premises and personal licences in force, applications, reviews/proceedings as well as numbers of licensing standards officers employed and the number of occasional licences issued.
Here is a list of other licences I do not hold: Amusement permit (Northern Ireland) Apply for a list of deaths registered in the UK Apply for a performance licence Approval for a centre to offer qualifications (Scotland) Art therapist registration Become a Green Deal business Check if you need an environmental permit File your Machine Games Duty return Food premises approval (England) Food premises approval (Northern Ireland) Food premises approval (Scotland) Food premises approval ( Wales) Get a licence for a burial at sea in England (I think I might require one of these at some time, but hopefully not for a while).
Halifax -- Half of Nova Scotia's licensed child care centres are operating under conditional licences because they did not pass all the licensing standards of the Department of Community Services for renewing licenses in 2004-2005.