licensing

Arrangement in which a local firm in the host country produces goods in accordance with another firm's (the licensing firm's>) specifications; as the goods are sold, the local firm can retain part of the earnings. Bloomberg Financial Dictionary

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license li‧cense [ˈlaɪsns] also licence verb [transitive] LAW
1. to give official permission for someone to do something or for an activity to take place:

• The building contractors we hired were licensed by the General Service Administration.

• The company is confident that it will be licensed to do business in California after the start of the new year.

2. to give someone permission to make or produce something to which you hold the patent (= the legal right to make or sell a new product ) or copyright (= the legal right to be the only producer or seller of a book, play, film, or record ) , usually in return for payment:

• The company has licensed certain manufacturing and marketing rights for the drug.

license something to somebody

• He has licensed the device to a farm equipment manufacturer.

3. to receive permission to make or produce something from the person or company that holds the patent or copyright to it, usually in return for payment:
license something from somebody

• It has licensed electronic publishing rights for the Chinese dictionary from a British publisher.

— licensed adjective [only before a noun] :

• licensed operators of nuclear power plants

— licensing noun [uncountable] :

• It has licensing agreements that allow it to use some of Computer Associates' software.

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licensing UK US /ˈlaɪsənsɪŋ/ noun [U]
LAW, GOVERNMENT the process of giving or getting official permission to do something: »

He advocates mandatory licensing and background checks for the private ambulance sector.

»

The system is not subject to state licensing.

LAW, COMMERCE, IT the process of giving or getting permission to have, produce, or use something that another person or company has created or owns: »

This market represents a growth area for the company, both in terms of new products and product licensing.

»

Microsoft's licensing rules allow corporations' units in different countries to share licences.

»

Last year they signed a licensing agreement with the US government.


Financial and business terms. 2012.

Look at other dictionaries:

  • licensing — A licence is an agreement which allows the licensee to do an act which would otherwise be the exclusive right of the licensor. Licensing out is commonly engaged in by companies without the resources fully to commercialise their Intellectual… …   Law dictionary

  • Licensing — См. Лицензирование Термины атомной энергетики. Концерн Росэнергоатом, 2010 …   Термины атомной энергетики

  • Licensing — Licence (juridique) Pour les articles homonymes, voir Licence. Une licence, dans le droit français, est soit en droit administratif une Autorisation, soit en droit commercial, un contrat de licence.[1] Sommaire …   Wikipédia en Français

  • Licensing —    A legally binding agreement between two parties, a designer (licensor) and a manufacturer (licensee), a license loans the name of the designer for the purpose of using that name on the label to manufacture and sell merchandise. The designer… …   Historical Dictionary of the Fashion Industry

  • licensing — {{Roman}}I.{{/Roman}} noun Licensing is used before these nouns: ↑agreement, ↑deal, ↑exam, ↑fee, ↑hour {{Roman}}II.{{/Roman}} adj. Licensing is used with these nouns: ↑magistrate …   Collocations dictionary

  • licensing — / laɪs(ə)nsɪŋ/ adjective referring to licences ● a licensing agreement ● licensing laws …   Marketing dictionary in english

  • licensing — / laɪs(ə)nsɪŋ/ adjective referring to licences ● a licensing agreement ● licensing laws …   Dictionary of banking and finance

  • licensing — The sale of a license permitting the use of patents, trademarks, or other technology to another firm. See also cross licensing; license Licensing involves the many procedures administrative agencies perform in conjunction with issuance of various …   Black's law dictionary

  • Licensing — License Li cense (l[imac] sens), v. t. [imp. & p. p. {Licensed} (l[imac] senst); p. pr. & vb. n. {Licensing}.] To permit or authorize by license; to give license to; as, to license a man to preach. Milton. Shak. Syn: licence, certify. [1913… …   The Collaborative International Dictionary of English

  • licensing — Mktg the transfer of rights to manufacture or market a particular product to another individual or organization through a legal arrangement or contract. Licensing usually requires that a fee, commission, or royalty is paid to the licensor. See… …   The ultimate business dictionary

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