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LSDefine

Simple English definitions for legal terms

licensor

Read a random definition: daysman

A quick definition of licensor:

A licensor is someone who gives permission to someone else to use something they own, like a patent or trademark. For example, if someone invents something and gets a patent for it, they can let someone else use it for a little while by giving them a license. The person who owns the patent is the licensor. They still own the patent, but they let someone else use it for a little while in exchange for money or something else they want. This way, the licensor can make money without having to make or sell anything themselves.

A more thorough explanation:

Definition: A licensor is a party that grants a license to another party. In order to grant a valid license, the licensor must have the legal power to convey the limited rights provided by the license. For example, a public entity must have the authority to grant marriage licenses for the licenses granted by the entity to be valid, and a company must possess complete ownership of a patent to license use of that patent to another entity. The term “licensor” is most commonly used when referring to intellectual property licensing.

Examples: Intellectual property owners, such as those who own patents or trademarks, can license the use of their property to others. For example, a company that owns a patent for a new technology can license the use of that technology to another company. The company that owns the patent is the licensor, and the company that is granted the license is the licensee. By licensing their intellectual property, licensors can profit without having to manufacture or sell products themselves.

Another example of a licensor is a public entity that grants marriage licenses. The public entity is the licensor, and the couple that is granted the marriage license is the licensee. The public entity has the legal power to grant marriage licenses, and the license grants the couple certain rights and privileges.

These examples illustrate the definition of a licensor because in both cases, a party is granting a license to another party. The licensor must have the legal power to grant the license, and the license grants the licensee certain rights and privileges.

licensee | licit

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18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
snow
20:08
Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for
snow
20:08
Your*
snow
20:08
You got this! :)
madollyy
20:09
thank you snow <3
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