• A licensee is any person who has been granted permission to operate using something owned or controlled by another party.
  • The licensee may pay the licensor for the permit or share the income from activities related to the permit.
  • Licensing agreements are common in several sectors, including media, entertainment, technology and biopharmaceuticals.
  • Types of licensee agreements include franchises, brand licenses, and government licenses.
  • An operating license grants the licensee the legal capacity to conduct business.