Blanket License
Blanket License Type: noun Pronunciation: /blank-et-lie-sens/ Related: Licensor, Licensee, License What does Blanket License mean? A license that allows unlimited access to use an entire library of songs during the term of a license for a single fee. A Blanket License is a type of license that allows the licensee (like a Radio station) unlimited […]
Buyout
Buyout Type: noun, legal term Pronunciation: /buy-out/ Also spelled or known as: Rights buyout, Full buyout Plural: Buyouts What does Buyout mean? A one-time payment made in exchange for ownership or usage rights. A Buyout is a payment arrangement where a creator or rights owner receives a one-time payment in exchange for transferring ownership rights […]