What Does License Fee Mean?

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What does License Fee mean? Read on to discover the definition & meaning of the term License Fee - to help you better understand the language used in insurance policies.

License Fee

License Fee

A license fee is money collected from a person or an organization by a government agency to legitimize an activity such as the selling of a product or a service. This can also refer to the amount of money a person or an organization charges for the use of its intellectual property.

We hope the you have a better understanding of the meaning of License Fee.

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