IP (Intellectual Property) Licensing

IP licensing is an agreement where the owner of intellectual property—such as inventions, trademarks, or copyrighted works—allows another party to use it legally, usually in exchange for fees or royalties. It’s like leasing a car; the owner retains ownership, but others can use it under agreed terms. Licensing helps businesses to generate revenue, expand their reach, or develop new products without directly producing everything themselves. It ensures that the rights holder maintains control while enabling others to benefit from their innovations or creations within set boundaries.