Authorizing another company to produce and/or market a venture's product. The licensee pays the licensor a royalty for the right to produce and sell the product.
selling the right to a manufacturing process, trademark, patent, etc., usually in a foreign market.
Arrangement in which a local firm in the host country produces goods in accordance with another firm's (the licensing firm's) specifications; as the goods are sold, the local firm can retain part of the earnings.
In this context, refers to rightsholders permitting access to intellectual property resources, such as software, databases, multimedia and electronic publications under the terms of a contractual agreement, rather than by outright sale. Such licenses commonly specify matters such as the number of permitted users, purposes allowed for use and limitations on copying and extraction of content.
Permission granted by competent authority to engage in a business or occupation; legal right to use a patent owned by another.
the process by which an advertiser obtains permission to use in its advertising and promotional efforts a character, trademark, or other promotional entity owned by another person or organization; such rights are obtained by payment of a licensing fee.
Official permission from the legal owner to use his technology or intellectual properly for a certain territory, product and time period.
One firm gives another firm a permission, which allows the latter to engage in an activity otherwise legally forbidden to it. Such activities usually involve the transfer of intellectual and proprietary knowledge in return for royalty as revenue.
The awarding of rights to perform, reproduce, distribute or digitally transmit a copyrighted work. Performance rights usually come from one of three organizations that represent songwriters and publishers: The American Society of Composers, Authors and Publishers, Broadcast Music Inc. or SESAC. Reproduction, distribution and digital transmission rights usually come from the original recording company. The RIAA as a trade association does not have licensing authority. However, it is helping to negotiate and administer the "statutory licenses" prescribed by law for certain kinds of digital transmissions of sound recordings.
involves a licensee paying a commission or royalties on sales or supplies used in manufacturing (87)
An agreement between one company and another that permits the licensee to manufacture and market a product owned by the licenser.
a contractual agreement in which one firm permits another to produce and market its product and use its brand name in return for a royalty or other compensation
Although not usually considered to be a form of partnership, licensing can lead to partnerships. In licensing arrangements, a firm sells the rights to use its products or services but retains some control.
a legal agreement with a firm to purchase the right to use a brand name, trademark, cartoon character, designer name, or other marketable label on goods it produces and sells. In exchange, the designer or licenser, receives a royalty or fee for each item produced.
Official or legal permission to use or own a specific thing.
right to use a property's logos, images and characters on merchandise or in advertising. (Note: while a sponsor will typically receive the right to include a property's marks on its packaging and advertising, sponsors are not automatically licensees.)
The buying and selling of the marketing rights to drugs and potential drugs.
contractual agreements granting permission for the use of intellectual property under specific conditions. Some online licenses impose limits beyond what is covered under copyright law.
An agreement whereby an inventor grants a manufacturer the right to produce and sell their invention in exchange for a royalty payment or a lump sum.
A business arrangement in which the manufacturer of a product (or a firm with proprietary rights over certain technology, trademarks, etc.) grants permission to some other group or individual to manufacture that product (or make use of that proprietary material) in return for specified royalties or other payment.
An arrangement whereby one company allows another company to use its brand name, trademark, technology, patent, copyright, or other assets in exchange for a royalty based on sales
Agreement to produce and market another company's product in exchange for a royalty or fee.
System in which a licensee pays commissions or royalties on sales or supplies used in manufacturing. p. 93
in many occupations, individuals must meet certain entry qualifications and abide by certain rules of practice after entry. Licensing grants qualified individuals the right to use a reserved title and also exclusive right to perform certain activities (e.g. physicians and lawyers).
Administrative procedure for selecting operators and awarding franchises for the operation of particular telecoms services, eg mobile licences.
The reuse of material as permitted by a holder of copyright and/or other rights to the material.
A licence is an agreement which 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 may or may not include the right for the licensee to grant sub-licences to others within the territory.
The granting of permission by one manufacturing organization to another to use a registered brand, symbol, process, patent, etc.
A marketing strategy in which a firm sells the rights to the brand name to another company who will use the name on its product.
Paying a fee for permission to manufacture and sell a product created by another.