License Fee
/ˈlaɪsəns fiː/
Definitions
- (n.) A monetary charge paid for the legal permission to use intellectual property, software, or other rights under a license agreement.
The company paid a license fee to use the patented technology.
- (n.) A payment made in exchange for the right to operate a business or engage in an activity regulated by law.
The barbershop renewed its operating license by paying the annual license fee.
Forms
- license fees
Related terms
See also
Commentary
License fees often distinguish between intellectual property permissions and regulatory permissions; precise drafting clarifies the scope and calculation basis.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.