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license |
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license, in public law, permission by legal authority to engage in certain acts and also the document showing such permission. Some licenses are required for the protection of the public; they assure professional competence (e.g., physicians) or moral fitness (e.g., tavern keepers). Others are designed primarily to raise revenue or to keep a registry (e.g., automobile licenses). It is a crime to engage in a licensed activity without having first procured a license. In property law, a license is a right that the owner grants some other party to make use of his land. Such licenses are revocable at will if they are not part of a contract. They are personal and hence may not be sold; they expire on the death of the grantee. A license to cross another's land is an easement easement, in law, the right to use the land of another for a specified purpose, as distinguished from the right to possess that land. If the easement benefits the holder personally and is not associated with any land he owns, it is an easement in gross (e.g. ..... Click the link for more information. in gross. In patent patent, in law, governmental grant of some privilege, property, or authority. Today patent refers to the granting to the inventor of a useful product or process the privilege to exclude others from making that invention. ..... Click the link for more information. law, a license is a written authority granted by the owner of a patent to another person, empowering the latter to make or use the patented article for a limited period or in a limited territory. licence (US), license a certificate, tag, document, etc., giving official permission to do something How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| AMCAL has relationships with licensors including Thomas Kinkade, Charles Wysocki, Warren Kimble, Cheri Blum, and Debbie Mumm. Talks are being held with potential licensors who have been invited to own stakes in the projects. To support the IRS contention that licensors can force renegotiation of royalties when profitability of a licensed product unexpectedly rises, either (i) license agreements must contain termination or renegotiation clauses that can be activated by the licensor without showing cause or (ii) license agreements must be short-term agreements that can be renewed at their termination. |
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