Lexeme: licensing account  
Inferred
Definition:
  1. noun. A licensing account refers to an agreement between a licensing entity, such as a company or organization, and a licensee. The licensing entity grants the licensee the right to use and distribute its intellectual property, such as trademarks, patents, copyrights, or software, in exchange for a licensing fee or royalty payments. The specific terms and conditions of the licensing agreement will typically define how the licensee can use the intellectual property, the duration of the license, and any restrictions or obligations that apply. A licensing account is typically established to manage and track the licensing agreements and related financial transactions. GPT3.5
Word Forms:
  • noun. licensing account (singular), licensing accounts (plural)
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