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license |
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license, an agency- or government-granted permission issued to a health care professional to engage in a given occupation on finding that the applicant has attained the degree of competency and met educational requirements necessary to ensure that the public health, safety, and welfare are reasonably well-protected. license, n certificate required to practice a professional healing approach. license, n permission, accorded by a competent authority, granting the right to perform some act or acts that without such authorization would be contrary to law. license Authorization by a governmental or other regulatory agency that allows a person, group of persons, or enterprise to carry out a particular activity; the certificate itself. See Revoked license, Unrestricted license. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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AMCAL has relationships with licensors including Thomas Kinkade, Charles Wysocki, Warren Kimble, Cheri Blum, and Debbie Mumm. Talks are being held with potential licensors who have been invited to own stakes in the projects. To support the IRS contention that licensors can force renegotiation of royalties when profitability of a licensed product unexpectedly rises, either (i) license agreements must contain termination or renegotiation clauses that can be activated by the licensor without showing cause or (ii) license agreements must be short-term agreements that can be renewed at their termination. |
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