Outrageously Funny Word Dictionary :: Licensee

👉 A licensee is a person who has an interest in and control over the use of a patented invention. They may be granted licenses to use, modify, or distribute the invention for their own purposes, or they may be granted licenses to use the invention with other people for commercial purposes. Licenses are typically granted by patent holders to third parties who agree to pay royalties to them based on sales of copies of the invention. In summary, a licensee is someone whose interest in and control over the patented invention

licensees

👉 A licensee is a person who is granted authority to perform a specific activity or service, usually for a fee. This person is typically responsible for ensuring that the activities or services are performed in accordance with the terms and conditions of the agreement between them and the client (the user). The licensee is also responsible for paying any fees associated with their actions.

licensee