A licence is an agreement that allows the licensee to do an act which would otherwise be the exclusive right of the licensor. Licensing-out is commonly engaged in by companies without the resources fully to commercialise their Intellectual Property Rights (IPR). Larger companies may conversely licence-in assisting others in developing their products incorporating the IPR through their financial resources, experience, market presence etc. A licence may be exclusive (only the licensee can exploit the IPR) sole (where both the licensor and the licensee can use the IPR) or non-exclusive (where the licensor can appoint other licensees). The licence major may not include the right to the licence to grant sub-licences to others within the territory.

Easyform Glossary of Law Terms. — UK law terms.

1. a permission given by one person to another to do some act that, without such permission, it would be unlawful for him to do. In relation to land, a licence may arise gratuitously, or by contract, or by estoppel. Licences arising from a gratuitous act may generally be revoked at the will of the grantor unless some question of estoppel arises; licences arising from a contract are capable of specific enforcement.
2. an official document authorising a specified activity that would be unlawful for the licensee to engage in without such document (e.g. a liquor licence authorising the manufacture or sale of intoxicating liquor; a driving licence authorising the holder to drive a motor vehicle on the public highway). See also occupier's liability.

Collins dictionary of law. . 2001.

1) The lawful grant of a permission to do something that would otherwise not be legal or allowed, for example, to occupy a property, or to assign a lease where the landlord's consent is required.
2) An agreement that gives another business the right to use your brand for a defined period in a defined territory, usually for a fee. Once the term has ended you get control of the brand back.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • licence — [ lisɑ̃s ] n. f. • v. 1175; lat. licentia I ♦ 1 ♦ Vx Droit, liberté (de faire ou de dire qqch.) en vertu d une permission donnée par une autorité supérieure. 2 ♦ Vx Autorisation d enseigner; degré universitaire donnant cette autorisation. ♢ Mod.… …   Encyclopédie Universelle

  • Licence CC — Licence Creative Commons Pour les articles homonymes, voir Creative. Quelques droits réservés Les licences Creative Commons constit …   Wikipédia en Français

  • Licence 4 — Licence IV Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom. En France, la licence IV est une autorisation pour certains débits de boisson de vendre des boissons alcoolisées et liqueurs. Il est interdit… …   Wikipédia en Français

  • licence — Licence, et permission, Licentia. Abandonnement et licence de tuer un homme, Proscriptio. Ils ont licence par la coustume, More habent licentiam …   Thresor de la langue françoyse

  • licence — (l[imac] sens), licenced licenced, licencee licencee Same as {license}, {licensed}, {licensee}. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • licence — licence, license In BrE, the noun is spelt licence and the verb license (and so licensed premises, licensing hours, etc., although licenced is occasionally seen and can be justified on the ground that it is formed from the noun rather than the… …   Modern English usage

  • Licence —   [li sãs; französisch, eigentlich »Erlaubnis«] die, / s, akademischer Grad des französischen Bildungssystems; erworben nach in der Regel dreijährigem Hochschulstudium …   Universal-Lexikon

  • licence — фр. [лиса/нс] licenza ит. [личэ/нца] вольность ◊ kon licenza [кон личэ/нца] вольно …   Словарь иностранных музыкальных терминов

  • licence — (US license) ► NOUN 1) a permit from an authority to own or use something, do a particular thing, or carry on a trade. 2) a writer s or artist s conventional freedom to deviate from facts or accepted rules. 3) freedom to behave without restraint …   English terms dictionary

  • licence — A paper or electronic document issued by the competent authority, authorizing and requiring the import or export of the goods specified and/or imposing other special requirements as necessary. HM Customs & Revenue Glossary * * * licence li‧cence… …   Financial and business terms

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