What is a Licensing– A license is an official permission or permit to do, use, or own something. A license is granted by a party to another party as an element of an agreement between those parties. In the case of a license issued by a government, the license is obtained by applying for it. Wikipedia
A licensing agreement allows one party (the licensee) to use and/or earn revenue from the property of the owner (the licensor). Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company.
What do you mean licensing?
Licensing involves obtaining permission from a company (licensor) to manufacture and sell one or more of its products within a defined market area. The company that obtains these rights (the licensee) usually agrees to pay a royalty fee to the original owner.
A licensing agreement is a legal contract by which one party that owns certain IP allows another party to use that IP. The party who owns the IP (the licensor) receives payment (a royalty) when the other party (the licensee) uses the IP. Licensing agreements can be broken down by the types of IP they license.
How does Licensing helps a business?
Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee. It’s a fast way to generate income and grow a business, as there is no manufacturing or sales involved.
Here are some key factors of a Womsga Business License Opportunity:
- Licensing our directory features our trademark; licensees operate under womsga’s name
- A Womsga business license is less expensive than a franchise.
- A Womsga business license allow licensees to profit 100% over short, or long-terms with some restrictions as to geographic markets.
- A Womsga business license provides continuing support between the licensee (seller) and the buyer (business owner) throughout the licensees license term.
Advantages and Disadvantages of Licensing
|Advantages to Licensing
|Disadvantages to Licensing
|You will not need to incur the costs of producing, promoting, packaging, or selling your product.
|You will likely lose control over your product, including promotion, packaging, and selling.
Why doesn’t the disadvantages apply to your licensees?
The disadvantages of licensing our company doesn’t apply to our licensees, because our services are digital. There are no products, promotions, or packaging to lose, and selling will always be an option.
An effective licensing agreement is the most effective solution for protecting your intellectual property. A licensing agreement allows owners of intellectual property to authorize third parties to use, alter, or resell the property for a mutually agreed-upon price, without transferring ownership to the third party.
Licensing is a transfer-related market entry strategy. It involves a company (known as the licensor) granting permission to a company in another country to use its intellectual property for a defined time period.
In our case, our license grant permissions to individuals within the united states and Canada for optional periods of time.
Licensing is essentially an agreement between you (the licensor) and another party (the licensee) to take your product to market. In return, you receive either a lump sum or royalty payments for each item sold. To protect your rights, have your attorney involved in every stage of the licensing process.