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Simple English definitions for legal terms
sublicense
Read a random definition: appreciation surplus
A quick definition of sublicense:
Term: SUBLICENSE
Definition: A sublicense is a permission given by someone who already has permission to use something, allowing another person to use it too. It's like sharing a toy with a friend, but only if your parent says it's okay.
A more thorough explanation:
A sublicense is a license that grants some or all of the rights given to the licensee under an original license to another party.
For example, if Company A has a license to use a particular software, it can grant a sublicense to Company B to use the same software. Company B will have some or all of the same rights as Company A, depending on the terms of the sublicense.
Another example is when a university licenses its technology to a startup company. The startup company may then sublicense the technology to other companies for a fee.
These examples illustrate how a sublicense allows a party to share or transfer some or all of the rights granted under an original license to another party.