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