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licenses (verb)

English translation: grant permission to use

19:50 Oct 21, 2013
English language (monolingual) [PRO]
Law/Patents - Law (general)
English term or phrase: licenses (verb)
Dear colleagues

I have a question regarding the following sentence:

The Company owns and licenses all IP rights necessary for the operation of its business.

Now I know that "to license" means to "grant a permission to" etc., but could "licenses" also mean "has a licence for" in this context? What's your understanding of "license" here?

Thanks in advance!
innsbruck
Selected answer:grant permission to use
Explanation:
The fact that the beginning of the sentence says 'owns and licenses..." would lead me to believe that it licenses the use out to other companies.

Of course, there could be some weird tax law that makes it advantageous to own the rights and then to license them to itself, but your context does not look like it has to do with weird tax laws.

My thoughts from the USA.
Selected response from:

jccantrell
United States
Local time: 08:44
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
3 +6grant permission to use
jccantrell
Summary of reference entries provided
Using the www
writeaway

  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
grant permission to use


Explanation:
The fact that the beginning of the sentence says 'owns and licenses..." would lead me to believe that it licenses the use out to other companies.

Of course, there could be some weird tax law that makes it advantageous to own the rights and then to license them to itself, but your context does not look like it has to do with weird tax laws.

My thoughts from the USA.

jccantrell
United States
Local time: 08:44
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  writeaway: of course. the thoughts could come from any English-speaking region. it's the same for all.
6 hrs
agree  B D Finch
8 hrs
agree  DLyons
9 hrs
agree  Yvonne Gallagher
13 hrs
agree  Edith Kelly
15 hrs
agree  AllegroTrans
20 hrs
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Reference comments


49 mins
Reference: Using the www

Reference information:
http://en.wikipedia.org/wiki/License

PDF]
Licensing Intellectual Property - UK Intellectual Property Office
www.ipo.gov.uk/licensingbooklet.pdf‎
Licensing your intellectual property for exploiting your IP;. Confidential ... benefits licensing intellectual property offers your business. It: ▻ contains an ...

writeaway
Specializes in field
Native speaker of: Native in EnglishEnglish
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