licensor
/ˈlaɪsənsɔr/
noun
- A person or company that gives another person or company permission to use a product, brand, or intellectual property in exchange for payment.
- The licensor of the popular cartoon character earns royalties from toy sales.
- Under the contract, the licensor retains ownership of the patent.
- The software licensor updated the terms for all users.
Antonyms