LICENSE (OF INVENTION, COPYRIGHT OR TRADEMARK)
\lˈa͡ɪsəns ɒv ɪnvˈɛnʃən], \lˈaɪsəns ɒv ɪnvˈɛnʃən], \l_ˈaɪ_s_ə_n_s__ ɒ_v ɪ_n_v_ˈɛ_n_ʃ_ə_n]\
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A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative work without having to manufacture and sell copies yourself. By licensing an invention or work to a company, you get money (often in the form of royalties) in return for allowing the company to use, produce and sell copies of your invention or work in the marketplace.
By Oddity Software
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).
Nearby Words
- licenced
- licencee
- licenciado
- licensable
- license
- license (of invention, copyright or trademark)
- license and permit bonds
- license fee
- license number
- license plate
- license tax