Licensing is the process where a company allows a foreign company to use its intellectual property, such as technology, patents, trademarks, etc. In return, the foreign licensee pays a fee, a royalty, or a combination of both.
Licensing is the process where a company allows a foreign company to use its intellectual property, such as technology, patents, trademarks, etc. In return, the foreign licensee pays a fee, a royalty, or a combination of both.