NAICS 533—Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

Where 533 sits

1. 53 Real Estate and Rental and Leasing
2. 533 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

Contains 1 narrower code

• 5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

Description

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.

533 in other systems