Licensee refers to receiving official permission for specific activities, often related to intellectual property. The software company acted as a licensee to distribute the game.
Pro Tip 2/3
Legal Responsibility
A licensee must adhere to the terms set by the licensor or face legal consequences. The licensee failed to comply with usage restrictions and lost their rights.
Pro Tip 3/3
Terms and Conditions
Understanding the specific terms of the license is crucial for a licensee. As a patent licensee, she could only produce items in limited quantities.