45 Example Sentences Showcasing the Meaning of 'Payee'
The technology company identified the software developer as the payee for royalties, compensating them for the use of their intellectual property.
The joint venture agreement outlined the distribution of profits with each participating company listed as a payee in the financial transactions.
The event organizer named the chosen charity as the payee for a percentage of the event's proceeds, contributing to a social cause.
The insurance policy designated the policyholder as the payee for a lump-sum benefit in the case of a critical illness diagnosis.
The contract named the artist as the payee for licensing fees, granting permission to use their creative work in various media.
The software update allowed users to set preferences for the default payee in recurring financial transactions, streamlining bill payments.
The franchise agreement specified the franchisee as the payee for royalty payments to the franchisor, acknowledging the use of the brand.
The real estate transaction identified the seller as the payee for the sale proceeds, completing the transfer of property ownership.
The scholarship foundation recognized the student as the payee for academic achievements, awarding a scholarship to support future studies.
The environmental organization recognized the volunteer group as the payee for the grant supporting conservation efforts.