license
noun
formal permission from a governmental or other constituted authority to do something, as to carry on some business or profession.
Used to describe an ongoing action or continuous state that will be taking place in the future.
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
In CATL’s case, it won’t own the U.S. plant it helps build, but instead will be licensing technology to Ford, which will own the plant.
From Los Angeles Times ● May 21, 2025