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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.
- licence
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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. W. J. Stewart. 2001.
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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. www.practicallaw.com. 2010.
