Glossary · Accounting

What is License?

Permission granted by a right holder to use its intellectual property item (software, technology, invention, trademark) within the scope agreed in a contract. A license purchased by a company is accounted for as an intangible asset in account 0410 if it meets all the recognition conditions in NAS No. 7, paragraph 6; the term and conditions of use are written in the license agreement.

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More terms: Accounting

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