Technology Licensing

Technology licensing is a legal agreement where one party (the licensor) grants another (the licensee) permission to use specific technological resources such as patents, trademarks, or proprietary knowledge. This arrangement allows the licensee to utilize the technology for certain purposes, like manufacturing or service provision, often in exchange for royalties or fees. Licensing helps technology owners share or monetize their innovations without transferring ownership, fostering collaboration and market expansion while maintaining control over their intellectual property.