/məʊst ˈfeɪvəd ˈlaɪsənsi/ – Phrase
Definition: Người được ưu đãi nhất trong hợp đồng cấp phép.
A more thorough explanation: a clause that if the licensor (=the person who gives the licence) ever gives another licensee (=the holder of a licence) cheaper terms, the licensor has to offer those same terms to the original licensee
Example: Every Vestron license agreement contains a “Most Favoured Licensee” clause.