IP Licensing

IP licensing, or intellectual property licensing, is a legal agreement where the owner of a creation—like a patent, trademark, or copyright—allows another party to use that creation under specific conditions. This can include using a brand name, technology, or artistic work. In return, the licensee typically pays royalties or fees to the owner. Licensing helps creators monetize their work and enables businesses to leverage established products or brands without owning them outright, fostering innovation and collaboration across industries.