Second, it may mean getting a little better margin because its unique. Failure to adhere to software license agreement terms often incurs criminal charges related to licensed intellectual property ip and ed material. Information and translations of licensing in the most comprehensive dictionary definitions resource on the web. It contains us business terms, general management concepts e. A business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Information and translations of licensing in the most comprehensive dictionary definitions resource on. An alphanumeric sequence of 25 characters in groups of five that are separated by dashes. A business license is a contract that allows a company to do business for profit. Business activities are generic, nonlegal definitions of a financial services activity that reasonably describes the activity. Stock exchange chiefly to replace manual systems with electronic processes. A license key encodes details about the product it is associated with, the license expiration date, the license capacity, and other information. A turnkey business is a business that is ready to use, existing in a condition that allows for immediate operation. An international business licensing agreement involves two firms from different.
A license or franchise license is the right owned by a person or company to deliver or produce products created by another company. Dictionary of business and management oxford reference. The management dictionary covers over 7000 business concepts from 6 categories. Increasingly, doesnt have to be long or complicated. Business license definition entrepreneur small business. A permit to operate an enterprise that is typically required by a government authority before operation commences.
Business licenses are permits issued by government agencies that allow individuals or companies to conduct business within the governments geographical jurisdiction. License definition, formal permission from a governmental or other constituted authority to do something, as to carry on some business or profession. Licensing definition entrepreneur small business encyclopedia. While international licensing is administered by the trademark program, due to the complexities of international business practices and laws and the need to have a presence in the country or. Licensing legal definition of licensing legal dictionary. Licensing is it a good strategy for expanding business. Licensing is defined as a business arrangement, wherein a company authorizes another company by issuing a license to temporarily access its intellectual property rights, i. Such agreements usually limit the scope or field of the licensee, and specify whether the license is exclusive or nonexclusive. In most license agreements, royalty rates are defined as a. Its also lower risk for the company buying in as it can make deals based. Easytouse free business glossary with over 20000 terms. Glossary of terminology and definitions for business and management. The leasing of a brand name to a company other than the owner of that particular brand.
Both governmental bodies and companies issue or sell these contracts once certain conditions are met. An authorization for a particular person or entity to do some act on the land or property of another. If you are a business owner, you may want to license the use of your brand or products to another business in order to gain more exposure for your company and earn revenue on the side. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Makati licensing center, san juan licensing center, mandaluyong extension office, tacloban. The definition of a joint venture is a business deal in which two or more people combine their expertise and share the risk, profits and liabilities. The licensing system in vsphere uses specific terminology and definitions to refer to different licensingrelated objects. A single jurisdiction often requires multiple licenses that are issued by multiple government departments and agencies. Licensing definition of licensing by the free dictionary. Information and translations of business license in the most comprehensive dictionary definitions resource on the web. The licensing infrastructure in vcenter server uses specific terminology and definitions to refer to different licensingrelated objects.
The term admitted or licensed may be used interchangeably. For example, certified public accountants and cpa firms are licensed through opla as well as architects, real. Of an activity, business model, or company, to yield very high profits but require little or no effort to do so. Licensing definition and meaning collins english dictionary.
Business license definition what is business license. A customer can reuse universal connections for standard connections. Of an activity, business model, or company, to yield very high profits but. Intellectual property licensing plays a major role in business, academia and. Generally business names and tradetrading names may be registered and licensed. Small business, therefore, is most likely to be touched by this form of licensing. But state government, in addition, licenses many skilled and professional occupations, including those that form the core of many small business activities. Written contract under which the owner of a, know how, patent, servicemark, trademark, or other intellectual property. License cambridge dictionary cambridge university press. As more businesses today become involved in some form of licensing. Add licensing and copy protection to your software with cryptolicensing for activex all you need to do is contact tv licensing and provide your name, address, date of birth and national insurance number. As an example, a beer company located in europe could lease its brand name to an american brewer.
Official or legal permission to engage in a regulated activity. The most common form of licensing is the governmental kind. The main two purposes of a license are to regulate the quality of businesses and restrict how many businesses can operate in a given geographical area or market. Under the terms of the licence agreement, an individual user may print out a pdf of a single. A business license grants the owner the right to start and run a particular type of business in the city, county, state, or country that issues it. Variety of licensing rules for the most common licensing scenarios. Occupational license is a license issued by occupational and professional licensing division to permit an individual to engage in an occupationprovide services after testing to ensure that the individual has attained the minimal degree of competency required in his or her field. Software licensing describes the legal rights pertaining to the authorized use of digital material. Software licensing license the permission granted by competent authority to exercise a certain privilege that, without such authorization, would constitute an illegal act, a trespass or a tort. The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions. Licenses are revocable at will, grant no exclusivity, and are not assignable.
Licensor definition, formal permission from a governmental or other constituted authority to do something, as to carry on some business or profession. The shared roots of license and licentious synonym discussion of license. Furthermore, all royalty transactions must be conducted at arms length, meaning. Over the past 20 years, the business of intellectual property ip licensing and. License key an alphanumeric sequence of 25 characters in groups of five that are separated by dashes. Definition of licensing in the financial dictionary by free online english dictionary and encyclopedia. Sep 05, 2018 software licensing describes the legal rights pertaining to the authorized use of digital material. The international licensing program involves the licensing of harvards trademarks on merchandise such as apparel, stationery, bags, and other such items manufactured and sold outside the united states. Issuing licenses is one of the forms of state control of trade export and import, as well as of foreign exchange. A license american english or licence british english is an official permission or permit to do. It is the authorization to start a business issued by the local government. Free and open source licenses include free software with no monetary usage charge, but.
Universal connections can support any type of connection. It is a type of permit indicating the company has the governments approval to operate. He believed that the subcommittee gave him license to interrogate anyone about any. Board definition is a piece of sawed lumber of little thickness and a length greatly exceeding its width. In the capitalist countries the issuing of licenses is used as a way to limit or completely prohibit trade with particular countries or groups of countries. Although some business owners think that licensing and permit fees are ways for the government to wring even more money from the business sector, most of these programs are intended to protect the. How to grow revenue with software licensing models and cloudbased licensing. The definition of licensing aka the definition of brand licensing. Joint venture dictionary definition joint venture defined.
Revocable written formal or implied agreement by an authority or proprietor the licensor not to assert his or her right for a specific period. A shorthand definition of license is a promise by the licensor not to sue the licensee. The licensing infrastructure in vcenter server uses specific terminology and definitions to refer to different licensing related objects. This licensing definitions and guidelines supplement supplement is a supplement to the applicable end user agreement or agreements you agreed to when licensing or subscribing to certain webroot services individually, an agreement and collectively, the agreements. Licensing meaning in the cambridge english dictionary. Additionally, a software asset management program may include an integrated. Licenses article about licenses by the free dictionary. Occupational license definition occupational license is a license issued by occupational and professional licensing division to permit an individual to engage in an occupationprovide services after testing to ensure that the individual has attained the minimal degree of competency required in his or her field. Government agencies can fine or shut down a business that operates without a license, so find out if you. Inlicensing is cost effective, since the financial burden of product development is shared. Browse the definition and meaning of more terms similar to licensing. A licensing agreement refers to a written agreement entered into by the contractual owner of a property or activity giving permission to another to use that property or engage. In other words, a franchise license gives the franchisee the right to sell and promote the franchises product. He believed that the subcommittee gave him license to interrogate anyone about any possible links to communism donald a.
This term export is derived from the conceptual meaning to ship the goods and. The license key encodes details for the product it is associated. Licensing is it a good strategy for expanding business overseas. Licensing is the practice of leasing a legally protected property such as a trademarked or ed name, logo, likeness, character, phrase or design to another party in conjunction with a product, service or promotion. Licensed cambridge dictionary cambridge university press. Written contract under which the owner of a, know how, patent, servicemark, trademark, or other intellectual property, allows a licensee to use, make, or sell copies of the original. The permission granted by competent authority to exercise a certain privilege that, without such authorization, would constitute an illegal act, a trespass or a tort. Obtaining a business license usually involves paying a small fee along with submitting an application to the appropriate federal, state, county or local government agency. A license manager is a tool that facilitates effective software management between end users and software vendors, allowing greater user control over program implementation or deployment, including free trials, subscriptions, updates and activations. An applicant company may be admitted in one or more states. First, it may mean you have something unique your competitors dont. Admitted the status of the applicant companyonce the state regulator has approved the ucaa pplication and issued a certificate a of authority or an amendment to a certificate of authority. Microsoft volume licensing product terms explained june 2017 4 sections of the document for terms that apply more broadly, such as the universal license terms and the terms of the licensing models under which volume licensing products are available. Licence meaning in the cambridge english dictionary.
578 67 254 1326 217 945 1175 242 1140 622 1503 791 1497 1365 833 382 16 1128 1441 224 1173 650 1277 715 1035 424 471 418 421 1453 1058 790 415 1188 1193 1318 763 1255 117 398 505 68 359 329 1293 286