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What is a licensor and licensee?

A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.

What is an example of a licensee?

Some examples of licensees include individuals with a drivers license, individuals licensed to practice medicine, and an individual granted license by a landowner to store goods on the landowners land. Licensees may enter into a contractual relationship with a licensor to receive a license.

What is the meaning of licensee and licensor?

The party providing the intellectual property is called the licensor while the party receiving the intellectual property is called the licensee.

What is a licensee example?

Some examples of licensees include individuals with a drivers license, individuals licensed to practice medicine, and an individual granted license by a landowner to store goods on the landowners land. Licensees may enter into a contractual relationship with a licensor to receive a license.

What is an example of an invitee?

An invitee is someone who was invited to the property, either expressly or implicitly, by the property owner. People who are there to do business are also considered invitees. For example, a customer who visits a grocery store to shop for groceries is an invitee.

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