licensing

Vocabulary Word

Definition

'Licensing' is the process where a company or person (the licensor) gives legal permission to another (the licensee) to use its property. This could be artwork, a trademark, a patent, or software.

Examples in Different Contexts

In software development, 'licensing' means allowing users to operate software under certain conditions. A software developer might discuss, 'Choosing the right licensing model is crucial to ensure our software is both accessible to users and profitable for us.'

Practice Scenarios

Impact

Scenario:

Our new collection will feature illustrations based on a popular cartoon show. We believe this approach will resonate strongly with our young audience.

Tech

Scenario:

We’ve received approval to upgrade our office computers. As part of this process, we need to ensure all the necessary software is correctly installed and authorized.

Response:

Agreed, we should start by renewing our software licensing agreements to ensure legal compliance.