IP Licensing
A legal agreement that allows another party to use intellectual property in exchange for fees or royalties.
What is IP Licensing?
IP licensing is the legal agreement allowing another party to use intellectual property, such as trademarks, patents, copyrights, or trade secrets, in exchange for fees or royalties.
Why It Matters?
It lets businesses monetize their IP, control how it’s used, and avoid infringement disputes.
Example
A software company licenses its proprietary algorithm to a healthcare startup for an annual royalty fee.
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