licensing authority meaning

Those entering into a licensing agreement should consult an attorney because there are complexities that may be hard to grasp for those without a deep understanding of intellectual property law. A licensing agreement is a written contract between two parties in which a property owner permits another party to use that property under a specific set of parameters. The Alliance for Responsible Professional Licensing (ARPL) promotes a responsible, balanced approach to professional licensing. Though we are likely to associate license with the card that grants freedom or permission to operate a motor vehicle and licentious with sexual wantonness, in actuality, there is considerable semantic overlap between the two words. Authority. An authority can be issued for a selected period of 1, 3 or 5 years allowing multiple promotions to be run under a single authority. Review our Privacy Policy Need to contact us? The geographical regions within which the property may be utilized. Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company. A person who takes license with something (or someone) engages in "abusive disregard for rules of personal conduct." To accurately estimate royalty rates, the transactions between the buying and selling parties must be willingly executed. Updated with more commonly confused words! English Language Learners Definition of license (Entry 2 of 2), See the full definition for license in the English Language Learners Dictionary, Kids Definition of license (Entry 2 of 2), Legal Definition of license (Entry 2 of 2), Anglo-French, literally, permission, from Old French, from Latin licentia, from licent- licens, present participle of licÄre to be permitted, be for sale, Thesaurus: All synonyms and antonyms for license, Nglish: Translation of license for Spanish Speakers, Britannica English: Translation of license for Arabic Speakers, Britannica.com: Encyclopedia article about license. In two-tier parts of England and Wales, these are the district or borough councils and elsewhere the unitary authority is the licensing authority. liberty suggests release from former restraint or compulsion. The license agreement defines the limits and restrictions of the royalties, such as its geographic limitations, the duration of the agreement, and the type of products with particular royalty cuts. Private Detectives. Learn a new word every day. The purpose of Chapter 5122-30 of the Administrative Code is to establish the procedures and requirements for the licensure and operation of residential facilities as defined by section 5119.34 of the Revised Code. The principal reference for flight crew licensing in the UK is CAP 804 which is â¦ Freedom of the press should not be turned into, the released prisoner had difficulty adjusting to his new, freedom without responsibility may degenerate into, The woman was also charged with driving without a, Federal prosecutors also have charged Lonnie Coffman, of Alabama, with possession of an unregistered firearm and carrying a pistol without a, Police charged the driver, Dillon Burgett, 29, of the 8800 block of Cherry Avenue, River Grove, on Feb. 24 with driving without a, Deputy District Attorney Hailey Williams alleged that Munguia was driving without a, Some marijuana offenses will remain criminal, including drug distribution and growing cannabis plants without a, Hall was arrested for carrying a pistol without a, Chesa Boudin said prosecutors opted to file charges for DUI and driving without a, In Tennessee, Republican lawmakers are expected to push again to allow most adults 21 and older to carry firearms â concealed or openly â without a, Some publishers, including News Corp, are in talks to, Following the nearly 45-minute sermon, Dwight McKissic Sr., senior pastor of Cornerstone Baptist Church, called on the members of the Arlington church, who unanimously voted to, But others, including Honda, Daimler and Mitsubishi, agreed to, The company also worked with a Milwaukee artist to, But Microsoft's goal with Pluton is to make root of trust protections ubiquitous despite the diverse range of manufacturers who, Post the Definition of license to Facebook, Share the Definition of license on Twitter. Meaning of Privatisation. Hence, the semantic range of license in English mirrors that of its Latin antecedent, suggesting either permission or transgression, depending upon the context. The Act came into force in April 2006. A licensing agreement or license agreement typically involves a licensor and a licensee. The executive functions of the Authority will be carried out by an Executive Director, who will be appointed by the Authority, and any staff employed by the Authority. (5-a) "Incident management tow" means any tow of a vehicle in which the tow truck is summoned to the scene of a traffic accident or to an incident, including the removal of a vehicle, commercial cargo, and commercial debris from an accident â¦ We aim to educate policymakers and the public on the importance of high standards, rigorous education, and extensive experience within highly complex, technical professions that are relied upon to â¦ (New section adopted effective October 1, 2016, 41 TexReg 4441; amended effective May 1, â¦ Chapter 5122-30 Licensing of Residential Facilities. Those wanting to be involved in the Bermuda cannabis industry will be required to have a licence issued by the Authority. The time period parties are allotted to use the property. license implies freedom specially granted or conceded and may connote an abuse of freedom. License and licentious come ultimately from the same word in Latin, licentia, whose meanings ranged from "freedom to act" to "unruly behavior, wantonness." In other words: the agreements must not be forced. Is an authority required? Effective: 1/1/2018 What made you want to look up license? What is the landlord licensing scheme? It is able to provide assistance by requiring ATOL holders to pay a fee of £2.50 for each traveller, which is held in a fund managed by the Air Travel Trust. Send e-mail to DAS â¦ Sections 79, 80 and 81 of the Housing Act 2004 provided for the introduction of a scheme of selective licensing of private landlords in a local housing authorityâs area (i.e. Private Detective changes effective July 1, 2016; Connecticut General Statue 29-153, requires that any person or firm wishing to conduct business as a Private Detective Service in this state, must first obtain a professional license from the Commissioner of Emergency Services and Public Protection.Guidelines â¦ A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Privatisation can suggest several things, including migrating something from the public sector into the private sector. 5122-30-01 Purpose of rules. The Shared Roots of license and licentious Synonym Discussion of license. The exclusivity or non-exclusivity of a given arrangement. In Scotland each council has a Licensing Board to act as licensing authority. Expunged and pardoned convictions are often not considered to be disqualifying â¦ A royalty is a payment to an owner for the ongoing use of their asset or property, such as patents, copyrighted works, or natural resources. Apply for an authority The application fee depends on the length of the authority. (New section adopted effective October 1, 2016, 41 TexReg 4441) This chapter is promulgated under the authority of the Texas Occupations Code, Chapters 51 and 401, and Chapter 402 as applicable. The licensing authorities are local councils. Please tell us where you read or heard it (including the quote, if possible). (5) "Driver's license" has the meaning assigned by Section 521.001, Transportation Code. For example, a major source of income for the publicly-traded company Dolby Laboratories is the licensing of its technology to consumer electronics manufacturers. 111.2. a poor area where many tenants are receiving housing benefits). An example of a licensing agreement in the restaurant space would be when a McDonald's franchisee has a licensing agreement with the McDonald's Corporation that lets them use the company's branding and marketing materials. We are a full-service mortgage licensing company, meaning we complete the whole process for you from start to finish. Licentious, on the other hand, always implies excessive, transgressive freedom, as is true of its immediate Latin source, licentiosus "unrestrained, wanton" (literally, "full of freedom"). ATOL is run by the UK Civil Aviation Authority (CAA). 'All Intensive Purposes' or 'All Intents and Purposes'? The 25% rule refers to a heuristic for government debt relative to its budget; or it may refer to a royalty income payment scheme. The Department of Administrative Services - Business Network. An Act to make provision for the licensing of activities involving the supply or use of workers in connection with agricultural work, the gathering of wild creatures and wild plants, the harvesting of fish from fish farms, and certain processing and packaging; and for connected purposes. freedom, liberty, license mean the power or condition of acting without compulsion. 111.1. How to use license in a sentence. In addition to detailing all parties involved, licensing agreements specify in granular detail how licensed parties may use properties, including the following parameters: Licensing revenues, known as royalties, are a significant source of revenue for several publicly traded companies. Licensing revenue is income earned by a company for allowing its copyrighted or patented material to be used by another company. the released prisoner had difficulty adjusting to his new liberty Each member nation in the EU has responsibility for regulating their own pilot licensing. This fund is used to refund, repatriate or reimburse travellers for the cost of repaying for the affected parts of their trip. freedom without responsibility may degenerate into license. Definitions. We offer single state pricing at a flat rate one state and we offer multi-state licensing discounts if you are interested in getting mortgage licenses in 2 or more states at a time. Pilot licensing in the United Kingdom is regulated by the Civil Aviation Authority (CAA) under the auspices of the European Aviation Safety Agency (EASA). An example of a licensing agreement is a contract between the copyright holders of software and another company, allowing the latter to use the computer software for their daily business operations. 14th century, in the meaning defined at sense 1a, 15th century, in the meaning defined at sense 1a, Middle English, from Anglo-French licence, from Latin licentia, from licent-, licens, present participle of licÄre to be permitted. Delivered to your inbox! The many factors that can affect royalty rates include exclusivity of rights, available alternatives, risks involved, market demand, and innovation levels of the products in question. An authority is required if the total prize value for a single trade promotion exceeds $10,000. freedom has a broad range of application from total absence of restraint to merely a sense of not being unduly hampered or frustrated. It is also seldom used as a metonym for deregulation when a massively â¦ Each province/territory has a dental regulatory authority/licensing body that establishes regulations and requirements for the licensure of general practitioners within their jurisdiction. In doing so, the Licensing Authority accepts the fact that holding a foreign licence is an acceptable way to demonstrate compliance with its own national licensing regulation. The terms of royalty payments are laid out in a license agreement. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'license.' But like other professions, it has overarching national organizations where you can find more information, including Commission on â¦ Poetic license refers to deviation from a (usually) literary norm for some purposeful effect. The movie studio thus has the leverage to take its business elsewhere if the manufacturer gets cold feet. Furthermore, all royalty transactions must be conducted at arm's length, meaning that both parties act independently, and have no prior relationship with one other. Licensing agreements delineate the terms under which one party may use property owned by another party. License definition is - permission to act. For example, a movie studio that licenses the likeness of a popular superhero to an action figure manufacturer might have significant bargaining power in this negotiation, because the manufacturer is likely to profit immensely from such an arrangement. 'Nip it in the butt' or 'Nip it in the bud'. âState Licensing Authorityâ means Designated Officers appointed under Section 36(1) of the Act by the Food Safety Commissioner of a State or UT. HUD Response: HUD is not exercising any exemption authority, but rather seeks to clarify meaning to terms used in the SAFE Act to ensure that the type of licensing contemplated by the SAFE Act is instituted as uniformly as possible across the states. 2021. Field of use is a restriction placed on a license granted for the use of an existing patent, invention, or other intellectual property. Licensing agreements are widely used for the commercialization of new discoveries or technologies. A daily challenge for crossword fanatics. Send us feedback. freedom of the press Licensing agreements are found in many different industries. While the properties in question can include a myriad of items, including real estate holdings and personal possessions, licensing agreements are most often used for intellectual property, such as patents and trademarks, as well as copyrights for written materials and visual art. Accessed 14 Mar. The offers that appear in this table are from partnerships from which Investopedia receives compensation. A licensee is a business, entity, or individual that has legal permission to conduct activities using something that another party owns or controls. The Licensing Regime. Only half is due up front. It means a transfer of ownership, management, and control of public sector enterprises to the private sector. With this order, the governor also granted the commissioner of the Department of Health and Human Services broad authority to waive any of the licensing or credentialing requirements for the occupations regulated by the department to improve access to treatment and protect public health and safety. “License.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/license. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Some examples of things that may be licensed include songs, sports team logos, intellectual property, software, and technology. License agreements are uniquely regulated if the resource owner is the government or if the license agreement is a private contract. In most license agreements, royalty rates are defined as a percentage of sales or a payment per unit. Selective licensing â¦ Uniform Reciprocal Licensing Act: A law that regulates unlicensed insurers. The expressions used in these Regulations but have not been defined herein shall have the meaning ascribed to them in the Act or as provided in the regulations, chapters and â¦ The Latin noun was itself derived from the verb licere "to be permitted." The conditions for the conversion are generally similar to that of a â¦ Test your knowledge - and maybe learn something along the way. Intellectual property is a set of intangibles owned and legally protected by a company from outside use or implementation without consent. The bargaining power of the two parties involved in a licensing agreement often depends on the nature of the product. Toy manufacturers also routinely sign licensing agreements with movie studios, giving them the legal authority to produce action figures based on popular likenesses of movie characters.