Licensee (noun)

A person or company that is granted a license to use a trademark, technology, or other property.

Origin:

The term 'licensee' comes from the latin word 'licentia', which means permission or freedom.

Examples:

1. The software company was a licensee of the patent for the new technology.
2. The toy manufacturer was a licensee of the comic book character's likeness.
3. The fast food chain was a licensee of the famous chef's recipes.
4. The clothing retailer was a licensee of the designer's brand name.
5. The sports team was a licensee of the league's logos and trademarks.