Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

licensor

Read a random definition: SIB

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
LSD+ is ad-free, with DMs, discounts, case briefs & more.