Licensor Meaning: Definition, Examples, and Translations
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licensor
[หlaษชsษnsษr ]
Definition
legal authority
A licensor is an individual or organization that grants permission to another party, known as the licensee, to use a specific intellectual property, such as a trademark, copyright, or patent. This arrangement typically involves a legal agreement detailing the terms and conditions of the license. The licensor retains ownership of the intellectual property while allowing the licensee to utilize it for a specified purpose and duration. In exchange, the licensee often pays royalties or fees to the licensor. Licensors play a critical role in various industries, including technology, entertainment, and manufacturing, where control over intellectual property is essential.
Synonyms
authorizer, grantor, licensing authority.
Examples of usage
- The software licensor provided the necessary updates.
- As a licensor, she ensured compliance with the licensing agreement.
- The company acts as a licensor for several patents.
- He negotiated the terms as the licensor of the brand.
- The licensor reserves the right to terminate the license.
Translations
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Interesting Facts
Legal Framework
- Licensors usually protect their products or intellectual property (IP) through legal contracts to ensure proper use.
- Licensing agreements can vary greatly, ranging from simple permissions to complex terms covering payments and duration.
- In the tech industry, licensing is crucial for software distribution and often involves the terms of service agreements.
Popular Culture
- Many beloved franchises, like Pokรฉmon, have licensors who control how the characters and names can be used by others.
- Music licensing allows artists to receive royalties when their songs are used in movies, commercials, or other media.
- In video games, licensors often oversee merchandise production to maintain brand consistency and quality.
Economic Impact
- Licensing generates significant revenue streams for companies, especially in industries like fashion and entertainment.
- Global licensing is a multi-billion dollar industry, with brands leveraging their trademarks to expand into new markets.
- Licensing agreements can facilitate innovation by allowing smaller companies to utilize established brands or technologies.
Education
- In academic contexts, licensing is important for sharing educational materials while ensuring creators receive credit and compensation.
- Open source licenses allow developers to use and distribute software freely while still recognizing the original creators.
- Licensor agreements in educational publishing protect authors' rights while enabling schools to use textbooks and resources.
Origin of 'licensor'
Main points about word origin
- The word originates from the Late Latin 'licentia', meaning 'freedom' or 'permission', showing its roots in granting rights.
- In English, 'license' started to appear in the 14th century, evolved alongside the concept of legal permissions.
- The suffix '-or' indicates a person who performs an action, so a 'licensor' is someone who grants licenses.
The term 'licensor' is derived from the Latin word 'licentia,' meaning 'freedom' or 'permission.' The root of 'licentia' comes from the verb 'licere,' which means 'to be allowed' or 'to permit.' In the context of law and intellectual property, a licensor is a party that holds rights to a particular asset and grants permission to others to use that asset in a controlled manner. The concept of licensing has been in existence for centuries, evolving over time with the development of intellectual property laws. The modern use of the term encompasses a broad range of agreements, from software to creative works, reflecting the importance of protecting creative and intellectual endeavors in today's economy.