Lease v Licenses

Occupier has permission to use the premises, but has no estate or interest in it

• Licensee
• Tenant
• Owner
• Lessee

What is a bare licence?

• A bare licence is a legal document that transfers ownership of a property.
• A bare licence is a type of insurance policy for property owners.
• A bare licence is a permission given by the owner of a property to another party to enter or use the property for a specific purpose without creating any legal interest in the property.
• A bare licence is a contract that guarantees exclusive use of a property.

What is an IRI lease?

• An IRI lease is a type of lease agreement for renting cars
• An IRI lease is a type of lease agreement for renting office space
• An IRI lease is a type of lease agreement for renting clothing
• An internal repair lease

What is a contractual license?

• A license that allows unlimited use of an asset
• A license that can be revoked at any time without notice
• A license granted without any legal backing
• A license granted by one party to another party, typically outlined in a legal contract, allowing the second party to use a specific asset or intellectual property.

What is the definition of a license?

• A type of vehicle
• Legal permission to do something with a specific resource or property.
• A type of food
• A type of clothing

What is a restrictive user covenant in a lease?

• A restrictive user covenant in a lease allows unlimited use of the property.
• A restrictive user covenant in a lease pertains to the landlord's obligations.
• A restrictive user covenant in a lease is related to property taxes.
• A restrictive user covenant in a lease limits how the tenant can use the property.

Which one of the following scenarios does not describe a situation in which we might expect a license to arise?

• Property is patented

• A right of way over a neighbour's land.

• Property is open-source

• Property is trademarked

What sets licenses apart from other interests such as leases and easements is that they are personal in nature. True or false?

• True

• False

What is the significance of licenses being personal as opposed to proprietary in nature? Select one of the following.

• Personal licenses do not allow for any customization of the software
• Personal licenses are tied to landlord, allowing them to use the software regardless of their employment status.

• Personal licenses can be transferred to other individuals without restrictions
• Personal licenses are only valid for a limited time period

What is the name given to a permission granted to enter another's land to remove something from that land? Select one of the following.

• Injunction
• Easement
• Trespass
• Encroachment