licensing fee

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Definitions from WordNet

Noun licensing fee has 1 sense

licensing fee, license fee, license tax - a fee paid to the government for the privilege of being licensed to do something (as selling liquor or practicing medicine)
--₁ is a kind of fee

Definitions from the Web

Licensing Fee

Noun

A licensing fee refers to the payment made by an individual or organization to obtain the legal right to use a specific product, service, or intellectual property.

Example sentences:

Before using the copyrighted image, the designer had to pay a licensing fee to the photographer.
The company announced a reduction in the licensing fees for their software, attracting more buyers.

Popular usage:

In popular usage, the term "licensing fee" often refers to the monetary charge associated with using licensed software, music, or artwork.

Related products:

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