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Definition of 'Licensee'

A licensee is a person or company that has been granted a license to use a particular product, service, or intellectual property. The licensee typically pays a fee to the licensor in exchange for the right to use the licensed property.

There are many different types of licenses, each with its own set of terms and conditions. Some of the most common types of licenses include:

* **Copyright licenses:** These licenses allow the licensee to reproduce, distribute, or perform copyrighted works.
* **Patent licenses:** These licenses allow the licensee to use patented inventions.
* **Trademark licenses:** These licenses allow the licensee to use trademarks.
* **Trade secret licenses:** These licenses allow the licensee to use trade secrets.

The terms of a license can vary depending on the type of license and the specific property being licensed. However, some common terms that are found in most licenses include:

* **The scope of the license:** This defines the specific rights that the licensee is granted. For example, a copyright license may allow the licensee to reproduce the copyrighted work, but not to distribute it.
* **The duration of the license:** This specifies how long the license will last.
* **The fees and royalties:** This defines the amount of money that the licensee must pay to the licensor.
* **The termination of the license:** This specifies the circumstances under which the license can be terminated.

It is important to read the terms of a license carefully before signing it. This will help to ensure that you understand your rights and obligations under the license.

If you have any questions about a license, you should consult with an attorney.

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