# Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Industry

**IRI:** https://folio.openlegalstandard.org/R8yBi7eGC3bVzVUorDn1llP

## Labels

**Alternative Labels:**

- Lessors of Nonfinancial Intangible Assets
- LITA

**Translations:**

- de-de: Vermieter von nicht-finanziellen immateriellen Vermögenswerten
- en-gb: Lessors of Non-financial Intangible Assets Industry
- es-es: Industria de arrendamiento de activos intangibles no financieros
- es-mx: Industria de arrendamiento de activos intangibles no financieros
- fr-fr: Bailleurs d'actifs immatériels non financiers
- he-il: תעשיית משכירי נכסים לא-פיננסיים אינטנגיבלים
- hi-in: गैर-वित्तीय असंचालित अस्तित्वों के लेसर्स उद्योग
- ja-jp: 非金融無形資産の貸し手業界
- pt-br: Locadores de Ativos Intangíveis Não Financeiros
- zh-cn: 非金融无形资产出租业

**Hidden Label:** LITA

## Definition

Industries in the Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) subsector include establishments primarily engaged in assigning rights to assets, such as patents, trademarks, brand names, and/or franchise agreements, for which a royalty payment or licensing fee is paid to the asset holder.  Establishments in this subsector own the patents, trademarks, and/or franchise agreements that they allow others to use or reproduce for a fee and may or may not have created those assets.

Establishments that allow franchisees the use of the franchise name, contingent on the franchisee buying products or services from the franchisor, are classified elsewhere.

Excluded from this subsector are establishments primarily engaged in leasing real property and establishments primarily engaged in leasing tangible assets, such as automobiles, computers, consumer goods, and industrial machinery and equipment.  These establishments are classified in Subsector 531, Real Estate, and Subsector 532, Rental and Leasing Services, respectively.

## Sub Class Of

- https://folio.openlegalstandard.org/RjKL1UdfWL1FCPVhnbIFSF

## Parent Class Of

- https://folio.openlegalstandard.org/TFrZ6Lh_RUuqOGnuHZbDWg

**Is Defined By:** https://www.naics.com/six-digit-naics/?code=533

**Deprecated:** False

**Identifier:** RRL-LITA