Define: Licensable

How is Licensable defined in a legal contract?

• Licensable means having the right to grant, to the maximum extent possible, whether at the time of the initial grant or subsequently acquired, any and all of the rights conveyed herein.
  Seen in 33 SEC filings.
• Licensable means the power and authority to grant a license or sublicense on the applicable terms and conditions of the agreement, without any of the following: (i) the consent of any third party; (ii) impairing such Person’s existing rights; (iii) imposing any additional obligations on such Person under any pre-existing agreement; or (iv) the payment of royalties or other consideration to a third party.
  Seen in 24 SEC filings.
• Licensable means the ability to grant a license or sublicense without payment of any fee to, or violating the terms of any arrangements with a third party, and without violating any applicable laws, rules, or regulations.
  Seen in 6 SEC filings.
• Licensable means a right and ability to license under the terms of an agreement without payment or any other detrimental actions against the Licensor.
  Seen in 6 SEC filings.
• Licensable means the power and authority to grant a license, sublicense or a covenant to Intellectual Property Rights without violating the terms of any agreement or other arrangement with any third party, materially impairing rights, imposing additional material obligations, or requiring payment to any third party.
  Seen in 6 SEC filings.
• Licensable means the right to grant sublicenses to any Person within the scope of the licenses without the need to obtain consent, give notice, take any action with respect to any third party, or incur any fees, royalties, liabilities or other associated costs.
  Seen in 5 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of licensable’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Licensable means possessing the unambiguous authority to grant or transfer rights, apply conditions, and operate within legal boundaries, without incurring additional obligations or costs.

Relevant Contract Types

• Software Licensing Agreements
• Patent Licensing Agreements
• Intellectual Property Agreements

Relevant Circumstances

• Technology transfers
• Brand collaborations
• Spin-offs or start-ups involving proprietary technology

Relevant Sectors

• Technology
• Entertainment
• Pharmaceutical

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Genie Definition 2

Licensable means the power to provide sublicenses within prescribed agreements, not requiring third party consent, and not resulting in infringements, fees or obligations.

Relevant Contract Types

• Franchise Agreements
• Manufacturing Agreements
• Software Asset Purchase Agreements

Relevant Circumstances

• Establishing franchise operations
• Outsourcing manufacturing
• Executing asset purchases involving software

Relevant Sectors

• Franchising
• Manufacturing
• Software Development

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