/ˌlaɪsənˈsiːˈ/ – Noun
Definition: 1. người có giấy phép;
2. người được cấp giấy phép sử dụng sáng chế.
A more thorough explanation: 1. a person given the right to use property for a particular purpose; the holder of a license
2. a person who has been given permission to sell alcoholic drinks, especially one who runs a pub or a bar
Example: The licensee is granted the right to use the software for a specified period of time under the terms of the licensing agreement.