The verb license or grant licence means to give permission. The noun license (American English) or licence (British English, Indian English, Canadian English, Australian English) refers to that permission as well as to the document recording that permission.
A license may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties. A shorthand definition of a license is "an authorization (by the licensor) to use the licensed material (by the licensee)."
In particular a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee and/or proving a capability. The requirement may also serve to keep the authorities informed on a type of activity, and to give them the opportunity to set conditions and limitations
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Licensing
Definition: A business arrangement in which one company gives another company permission to manufacture its product for a specified payment
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There are few faster or more profitable ways to grow your business than by licensing patents, trademarks, copyrights, designs, and other intellectual property to others. Licensing lets you instantly tap the existing production, distribution and marketing systems that other companies may have spent decades building. In return, you get a percentage of the revenue from products or services sold under your license. Licensing fees typically amount to a small percentage of the sales price but can add up quickly.
Licensing
Definition
The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions. li·cense (lsns)n.1.a. Official or legal permission to do or own a specified thing. See Synonyms at permission.b. A document, plate, or tag that is issued as proof of official or legal permission: a driver's license.2. Deviation from normal rules, practices, or methods in order to achieve a certain end or effect.3. Latitude of action, especially in behavior or speech. See Synonyms at freedom.4.a. Lack of due restraint; excessive freedom: "When liberty becomes license, dictatorship is near" (Will Durant).b. Heedlessness for the precepts of proper behavior; licentiousness.tr.v. li·censed, li·cens·ing, li·cens·es1. To give or yield permission to or for.2. To grant a license to or for; authorize. See Synonyms at authorize. | |
·cense
[lahy-suhns] Show IPA noun, verb,li·censed, li·cens·ing. noun 1.formal permission from a governmental or other constitutedauthority to do something, as to carry on some business orprofession.
2.a certificate, tag, plate, etc., giving proof of suchpermission; official permit: a driver's license.
3.permission to do or not to do something.
4.intentional deviation from rule, convention, or fact, as forthe sake of literary or artistic effect: poetic license.
5.exceptional freedom allowed in a special situation.
licensing business definition
A contractual arrangement in which the legal owner grants another permission to use intellectual property such as a brand. For example, a well-known regional real estate firm may reach a licensing agreement for another company to use the firm's brand name in a different region of the country licensee Definition
A person who is authorized to enter the property of another for his or her own gain. The property owner must advise this person of any hidden hazards or the property and otherwise exercise care not to injure him or her.
Definition: A license is a legal document giving official permission to do something. For example, a driver's license proves that you have official permission to drive a car.Licensing an invention, means giving/selling someone written permission to use, produce and/or sell copies of your invention in the marketplace 