👉 In the context of law, a licensor refers to an entity that licenses another party's intellectual property or other rights. Licenses are agreements between individuals or entities who want to use each other's property for some purpose, such as creating software, publishing books, or using music. Licenses can be divided into two types: traditional and non-traditional. Traditional licenses allow the licensor to use the property without compensation, while non-traditional licenses provide a license that allows the licensor
