1. A legal entity or individual who has obtained official permission or authorization to engage in a specific activity, business, or use of intellectual property rights
The licensed party is authorized to distribute the software under the terms of the agreement.
A parte licenciada está autorizada a distribuir o software sob os termos do acordo.
2. In intellectual property law, a person or company granted the right to use a patent, trademark, or copyright by the rights holder
As a licensed party, the manufacturer must comply with all quality standards set by the trademark owner.
Como parte licenciada, o fabricante deve cumprir todos os padrões de qualidade estabelecidos pelo proprietário da marca.