LIC meaning in Certifications ?

Answer:

What is License mean?

A license (American English) or licence (British English) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit).

A license is granted by a party to another party as an element of an agreement between those parties. In the case of a license issued by a government, the license is obtained by applying for it. In the case of a private party, it is by a specific agreement, usually in writing (such as a lease or other contract). The simplest definition is "A license is a promise not to sue," because a license usually either permits the licensed party to engage in an activity which is illegal, and subject to prosecution, without the license (e.g. fishing, driving an automobile, or operating a broadcast radio or television station), or it permits the licensed party to do something that would violate the rights of the licensing party (e.g. make copies of a copyrighted work), which, without the license, the licensed party could be sued, civilly, criminally, or both.

In particular, a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee or proving a capability (or both). The requirement may also serve to keep the authorities informed on a type of activity, and to give them the opportunity to set conditions and limitations.

A licensor may grant a license under intellectual property laws to authorize a use (such as copying software or using a patented invention) to a licensee, sparing the licensee from a claim of infringement brought by the licensor. A license under intellectual property commonly has several components beyond the grant itself, including a term, territory, renewal provisions, and other limitations deemed vital to the licensor.

Term: many licenses are valid for a particular length of time. This protects the licensor should the value of the license increase, or market conditions change. It also preserves enforceability by ensuring that no license extends beyond the term of the agreement.

Territory: 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.

Again, 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. Such copying would be improper and could, by using the legal system, be stopped if the intellectual property owner wanted to do so.

Intellectual property licensing plays a major role in business, academia and broadcasting. Business practices such as franchising, technology transfer, publication and character merchandising entirely depend on the licensing of intellectual property. Land licensing (proprietary licensing) and IP licensing.

reference

Full Form	Category
Language Identification Code	Academic & Science
Language Identifier Codes	Academic & Science
Level Indication and Control	Academic & Science
Lecturer In Charge	Academic & Science
Local Interstellar Cloud	Academic & Science
Limon (co)	Airport Code
Life Insurance Corporation	Banking
Life Insurance CorporationORGANIZATION	Business
Limited Imperial Company	Business
Local Implementation Contract	Business
Lifestyles Communities Ltd	Business
Lynch Interactive Corporation	Business
Loan Implementation Consultants	Business
Livestock Improvement Corporation	Business
Life Insurance Company	Business
Listed Investment Company	Business
License	Certifications
Local Independent Charities	Community
Leadership Initiative Credit	Community
Labour Intensive Community	Community
Leptospirosis Information Center	Community
Love In Christ	Community
Linux Integration Center	Computing
Lenovo Innovation Center	Computing
Line Interface Computer	Computing
License Internal Code	Computing
Liverpool International College	Educational Institute
Linear Integrated Circuit	Electronics
License File	File Type
Level Indicator Controller	General
Long Island Chevelles	General
Love Iced Cocktails	General
Life In Color	General
Location Intelligence Component	General
Life Imaging Center	General
Lipid Interstitial Cells	General
Local Index of Communication	General
Line Integral Convolution	General
Living Is Christ	General
Live In Characters	General
Late In Changing	General
Licensed Internal Code	General
Life In Christ	General
Ligation Independent Cloning	General
Lack Of Institutional Control	General
Longitudinal Integrated Clerkship	General
Low Income Country	General
Livestock Improvement Council	Governmental
Lithographer Chief Petty Officer	Governmental
Legislative Impact Committee	Governmental
Least Industrialised Countries	Governmental
Lawyer In Charge	Governmental
Life Insurance Corporation of India	Indian Ministry of Finance
Large In Charge	Jobs
Left Iliac Crest	Medical
Live In Care	Medical
Like I Care	Messaging
Chief Lithographer	Military and Defence
Low Intensity Conflict	Military and Defence
Long Island Cretin	Regional
Low Income Countries	Regional
Long Island City	Regional
Lade In Canada	Regional
Limon, Colorado USA	Regional
Long Island City, New York	Regional
Load Interface Circuit	Space Science