licensor

A licensor is an individual or entity that grants permission to another party—called the licensee—to use their intellectual property, such as trademarks, patents, or copyrights. This agreement allows the licensee to produce, sell, or distribute products or services based on the licensor's protected assets, typically in exchange for fees or royalties. The licensor maintains ownership of the intellectual property while providing legal authorization for its use under specific conditions. This arrangement helps the licensor expand their brand or technology reach without directly managing all aspects of distribution or production.