North Carolina General Form of License Agreement
State:
Multi-State
Control #:
US-1340927BG
Format:
Word;
Rich Text
Instant download
Description
A license is not an interest in land, but is a privilege to do something on the land of another person. For example, an adverÂtising company that has permission to paint a sign on the side of a barn near a highway has a license. A license can be terminated at any time by the person giving the license (unless a license agreement states otherwise) and will continue only as long as the person giving the license is the owner of the land. Upon the sale of the property, the license terminates unless the new owner agrees to continue the license.
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