the act of allocating; apportionment. 2. the state of being allocated. 3. the share or portion allocated. 4. Accounting. a system of dividing expenses and incomes among the various branches, departments, etc., of a business. Origin of allocation.
Licensing Overview: Term vs. Perpetual License. A perpetual license allows the user to continue to use the software for as long as they continues to comply with the terms of the license agreement. Term license pricing is aimed at companies with small IT budgets, but whose business requires a robust software solution.
A shorthand definition of license is a promise by the licensor not to sue the licensee.. That means without a license any use or exploitation of intellectual property by a third party would amount to copying or infringement.erritory: a license may stipulate what territory the rights pertain to. For example, a license with a territory limited to North America (Mexico/United States/Canada) would not permit a licensee any protection from actions for use in Japan.