A "Licensee" is an individual or entity that has been granted permission to use a specific product, service, or intellectual property under a licensing agreement. This agreement outlines the terms and conditions under which the licensee can operate, including any fees or royalties that may be required. Licensees can be found in various industries, such as technology, entertainment, and manufacturing. For example, a software licensee may use a company's software under a license, while a franchisee operates a business using a franchisor's brand and business model.