licensing industry

The licensing industry involves the process of granting permission or rights from one party (the licensor) to another (the licensee) to use intellectual property, like trademarks, patents, or copyrights, under agreed terms. This allows companies or individuals to monetize their creations or brand assets without direct manufacturing or distribution. Licensing agreements specify how the intellectual property can be used, for how long, and often include royalties or fees. This industry fosters innovation, brand expansion, and revenue generation while helping protect the rights and control of the original creators.