A licence is permission granted by one party to another party authorising them to use licensed material owned by the first party. The licensed material may be software, intellectual property such as trademarks, or product rights. The licence typically defines the scope of the licence, the term, geographical territory and renewal provisions.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.