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Noun. a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc.
The issue here is that with a sublicense, the person sublicensing it keeps a license right, therefore effectively creating two licensees. With an assignment, only one right is assigned, and the assignee is the one who has possession of the license.
If your expiration date is not recorded on the card, log in to the KSLC website. The date that the card was issued or last renewed will be posted at the top of the page after login. To renew, simply inquire at your nearest public, academic, or school library. The staff will renew your account.
What does Sublicensable mean? This means that a licensee can give the intellectual property rights to a third party without direct permission from the IP owner. Most licenses are sublicensable and transferable which affords the licensee the option to perform either.
A sublicense agreement is a legal document that outlines the terms and conditions where one business owner allows another party to use their intellectual property. The original business owner, or licensor, often has the exclusive right to license specific intellectual property for a certain period of time.