In American practice. This term is sometimes used, by metonymy, to denote a time or season in the judicial year when motions may be made and rules taken, as special terms or argument-days, or even the vacations, as distinguished from the regular terms of the courts for the trial of causes; and, by a further extension of its meaning, it may denote proceedings in an action taken … [Read more...]

(A) Compensation that is determined by taking a percentage of revenue or sales. Used frequently in the licensing of intellectual property such as patent and copyright. (B) A compulsory payment per statute where a licensee who wishes to use the property must pay a royalty, at the compulsory rate, for its use. Law Dictionary - Alternative Legal Definition A payment reserved by … [Read more...]

Certain limits without the walls, within which all prisoners in custody in civil actions were allowed to live, upon giving sufficient security to the marshal not to escape. Rules of the king's bench prison. In English practice. Certain limits beyond the walls of the prison, within which all prisoners in custody in civil actions were allowed to live, upon giving security by … [Read more...]

A license term where one is given a license to use the intellectual property of another without having to pay any additional fees. … [Read more...]

Resource Rent … [Read more...]