Affix Equation License For Free

Example Sentences Noun The restaurant's owner applied for a license to sell liquor. His job as a reporter gives him license to go anywhere and ask anything. Verb The restaurant has now been licensed to sell liquor. a new drug licensed by the government The company licensed its name to others.

Primary tabs. Generally, a ?license? is permission granted by a qualified authority permitting a licensee to do something that would otherwise be prohibited. ?License? may also refer to a physical document granting such permission, sometimes referred to as a permit.

License as a Noun: Spelling and Examples In American English, the noun is spelled the same as the verb?license. But in British English, the noun is spelled licence. All the while, the meaning stays the same?permission, a permit, a document that states you are qualified or allowed to do something.

When you hear the term ?in-licensing,? simply think of the word ?investor?. In-licensing is the process of creating a contract that allows another firm to provide capital to the development and launch process, thus taking on financial responsibility.

A licensing agreement can be a profitable option for solo entrepreneurs, inventors and many business owners. Licensing is essentially an agreement between you (the licensor) and another party (the licensee) to take your product to market. In return, you receive either a lump sum or royalty payments for each item sold.

Generally, there are three types of licensing agreements: exclusive, sole, or non-exclusive. In an exclusive license, the licensee is only the party that can use the licensed intellectual property.

To put it simply, inbound licensing is when a brand is seeking another brand name or IP to use under license on their products. Outbound licensing is the opposite, meaning a brand or IP owner is looking to grant the use of their brand name to another brand under license.

In-licensing refers to the process where a company (the licensee) acquires the rights to a product, technology, or intellectual property from another organization (the licensor). This can include rights to develop, manufacture, and market a particular pharmaceutical product.