noun
- a person or organization that grants a license to another party
Usage: legal
Examples
- The software company acted as the licensor for the new application.
- The licensor retains ownership of the intellectual property.
- Under the agreement, the licensor receives royalty payments.
- The music publisher served as licensor for the song rights.
- The licensor must approve any modifications to the licensed product.
- Both licensor and licensee signed the contract yesterday.