Rochester Weather Forecast â 10 Day. 1  Rochester 1 â 3 Day Weather Forecast Summary: Heavy rain (total 34mm), heaviest during Wed morning. Very mild (max 12.9Â°C on Wed afternoon, min 1.5Â°C on Fri night). 2  Rochester 4 â 7 Day Weather Forecast Summary: Moderate rain (total 17mm), heaviest on Mon night.
Payment in lieu of taxes. A PILOT is a payment in lieu of taxes (also sometimes abbreviated PILT or PILOT), made to compensate a local government for some or all of the tax revenue lost due to tax exempt ownership or use of a particular piece of real property. Usually it relates to the foregone property tax revenue.
Definition of LICENSING AGREEMENT: Written contract between the owner/licensor of a patent, copyright, trademark, know-how, service mark, or other intellectual property, and a licensee to use, make, or sell copies of the original. Franchisers promote sales of goods and services through licensing agreements. Commercialization of a technology is a major purpose for licensing agreements. These contracts typically (1) limit the licensee's scope or field, (2) make the license exclusive or nonexclusive, (3) demands royalties or other compensation if further licensing occurs by the licensee.