IPA: /pæˈtɛnti/
KK: /pæˈtɛn ti/
A person or entity that holds a patent, which is a legal right granted for an invention or a process, allowing them to exclude others from making, using, or selling it without permission.
The patentee has the exclusive rights to manufacture and sell the new invention.
Patentee → It is formed from "patent" (from Latin *patens*, meaning open or evident) and "-ee" (meaning a person who receives). A patentee is a person who receives the rights to an open or evident invention.
Think of someone who has received rights to an invention that is 'open' or 'evident' — that's what a patentee is.