Licensor: meaning, definitions and examples
๐
licensor
[ หlaษชsษnsษr ]
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
Translations of the word "licensor" in other languages:
๐ต๐น licenciante
๐ฎ๐ณ เคฒเคพเคเคธเฅเคเคธเคงเคพเคฐเฅ
๐ฉ๐ช Lizenzgeber
๐ฎ๐ฉ pemberi lisensi
๐บ๐ฆ ะปััะตะฝะทัะฐั
๐ต๐ฑ licencjodawca
๐ฏ๐ต ใฉใคใปใณใตใผ
๐ซ๐ท licenciรฉ
๐ช๐ธ licenciante
๐น๐ท lisans veren
๐ฐ๐ท ๋ผ์ด์ผ์
๐ธ๐ฆ ู ุฑุฎูุต
๐จ๐ฟ licencor
๐ธ๐ฐ licencor
๐จ๐ณ ่ฎธๅฏๆน
๐ธ๐ฎ licencodajalec
๐ฎ๐ธ leyfishafandi
๐ฐ๐ฟ ะปะธัะตะฝะทะธั ะฑะตัััั
๐ฌ๐ช แแแชแแแแแแก แแแแชแแแแแ
๐ฆ๐ฟ lisans verษn
๐ฒ๐ฝ licenciante
Etymology
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.