-Justin
-Justin
The verb license or grant license means to give permission. The noun licence (British,[1] Indian,[2] Canadian,[3] Australian,[4] New Zealand,[5] Irish,[6] or South African English[7]) or license (American English) refers to that permission as well as to the document recording that permission.
A license may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties. A shorthand definition of a license is "an authorization (by the licensor) to use the licensed material (by the licensee)."
In particular, a license may be issued by authorities, to allow an activity that would otherwise be forbidden. It may require paying a fee and/or proving a capability. 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.
As for the history, which is interesting, I believe there is some info on Jan's site. Short version: Boulder originally bought the brand (with assistance from Jan) and built some bicycles. Jan later purchased the rights from Boulder and now licenses the name to Boulder if people want a Rene Herse. From what I gathered, the Herse family would not have sold the rights if they weren't confident that Boulder was up to the task.
David Cummings
Kalispell, MT