PropertyNegotiation High point loading Kiosk Business centre Internal rate of return (IRR) Suspended ceiling
License
A license is a legal permission granted to engage in an activity that would otherwise be considered unlawful or wrongful. This permission can be given for free, as part of a contract, or in connection with land ownership. The person granting the license is known as the licensor, while the recipient is called the licensee. A gratuitous license can be revoked at any time, but the revocability of a contractual license depends on the terms of the agreement. In contrast, a license coupled with an interest in land is often irrevocable and can even be binding on the licensor's successors.
Related terms
Understand the meaning and definition of Negotiation in the context of stock market, trading, and investments.
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