a person, company, etc., to whom a license is granted or issued.
Also, licencee.

1865–70; license + -ee Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
licensee (ˌlaɪsənˈsiː)
a person who holds a licence, esp one to sell alcoholic drink

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
More such hypocrisy will be exposed as the rich world becomes a licensee as well as a licensor of technology.
Both the licensee and the complainant are kept apprised of the proceedings.
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