This paper examines a licensing game model considering the potential licensee’s strategic use of delegation. An independent inventor who develops a new technology that reduces marginal production cost licenses it to identical Cournot playing firms. The inventor, as a patentee, tries to exploit the firms to charge a large amount of license fee taking advantage of the competing behavior caused by Cournot game. I show that the firms counter the inventor’s exploitation by delegating the licensing decision to agents. The firm-agent pairs successfully transform the prisoners’ dilemma type payoffs structure into the game with Pareto efficient outcome.