Licensor

Pronunciation: /ˈlaɪsənsər/

Licensor (noun)

  1. A person or company that allows someone else to use a product, service, or right under an agreement.
  2. The owner of intellectual property who grants permission for others to use it, usually for a fee or under rules.

Examples

  • The licensor gives a licence for the software.
  • A licensor can set rules for using the product.