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Licensing

Licensing

Once you have secured your intellectual property, licensing of your intellectual property rights can be an effective tool for monetizing your investment and achieving diverse business goals.

A licensing agreement can be described as a partnership between an intellectual property rights owner, referred to as the licensor in a licensing agreement, and a party who is authorized to use such property rights, referred to as the licensee in a licensing agreement.  The property rights are licensed in exchange for an agreed payment, which is typically a fee or a royalty.  Patents, trademarks, and copyrights can all be licensed to others.