License Fee
Type: noun
Pronunciation: /lie-sens-fee/
Also spelled or known as: Licensing Fee
Plural: License Fees
Related: Licensing
What does License Fee mean? A payment made in exchange for permission to use intellectual property.
License Fees are commonly paid for music synchronization, recordings, trademarks, software, and other protected assets.
License Fee synonyms: Licensing Fee, Usage Fee, Permission Fee
Example sentence: “The broadcaster paid a license fee for the music.”
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