What does non transferable licence mean?
If a licence is non-transferable and non-sublicensable, it means that you will not be able to assign or sub-license the right to use or modify the product without the developer’s permission (if at all).
What is non assignable license?
Related Definitions Non-assignable Licenses means those Licenses of Proprietary Information to which Seller is the licensee (i) that are not by their terms assignable to Buyer, or (ii) related to other businesses of Seller and are not specifically related to the Business.
What are the types of licensing?
How to decide between types of licensing agreements
- Patent Licensing. Patents cover science and innovation.
- Trademark Licensing. Trademarks are signifiers of commercial source, namely, brand names and logos or slogans.
- Copyright Licensing.
- Trade Secret Licensing.
- Exclusive.
- Non-exclusive.
- Sole.
- Perpetual.
What does license mean in economics?
Licensing Definition: A business arrangement in which one company gives another company permission to manufacture its product for a specified payment.
How can licensing be defined?
Licensing is defined as the granting of permission by the licenser to the licensee to use intellectual property rights, such as trademarks, patents, brand names, or technology, under defined conditions. The licenser is normally paid a royalty on each unit produced and sold.
What is the difference between assignable and transferable?
As adjectives the difference between assignable and transferable. is that assignable is capable of being assigned while transferable is transferable (able to be transferred).
What does non-exclusive basis mean?
A non-exclusive agreement means that the two parties agree as to the provision of goods or services, but can also contract with other parties as to those same goods or services.
What licensing means?
Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. The multinational firm doesn’t have to expend its own resources to manufacture, market, or distribute the goods.
What is the meaning of non transferable license?
non·trans·fer·able | ˌnän-tran(t)s-ˈfər-ə-bəl . variants: or less commonly nontransferrable. : not capable of being transferred : not transferable a nontransferable license The tickets are nontransferable.
What is the meaning of nontransferable?
: not capable of being transferred : not transferable a nontransferable license The tickets are nontransferable. … the nontransferability of such rights from one owner to another. — Paul Bartels Recent Examples on the Web Jade Carey already locked up a second, nontransferable individual spot for the Olympics.
What does it mean when a ticket is non transferable?
not able to be used by another person: It is industry practice that tickets are non-transferable in order to prevent a secondary market in air tickets. The prizes are non-transferable and are not redeemable for cash or other prizes. (Definition of non-transferable from the Cambridge Business English Dictionary © Cambridge University Press)
Are used software licenses nontransferable?
The European Court has now looked at how that principle applies to software licenses. UsedSoft is a Munich-based company (www.usedsoft.com) that on-sells used software licenses for Oracle and other products. Oracle’s licenses were expressly stated to be nontransferable, and Oracle sued UsedSoft in Germany.