Exclusive Licensee
Type: noun
Pronunciation: /ik-skloo-siv-lie-sen-see/
Also spelled or known as: Sole Licensee
Plural: Exclusive Licensees
Related: Exclusive License, Exclusive Rights
What does Exclusive Licensee mean? A party granted exclusive rights to use licensed intellectual property.
An Exclusive Licensee receives rights that prevent the owner from granting the same rights to others during the license term.
Exclusive licenses are common in music publishing, distribution, and merchandising agreements.
Exclusive Licensee synonyms: Sole Licensee, Exclusive Rights Holder, Licensed Party
Example sentence: “The distributor became the exclusive licensee for the territory.”