See Also: Licensing(finance)
Licensing(money)
licensing laws(dictionary)
Licensing Agreement(money)
Tight money or dear money(finance)
New money(finance)
Money(medicine)
big money(dictionary)
New Money(money)
On the money(money)

Licensing (money)


Definition: Granting of permission to use intellectual property right under defined conditions. The licensing concept can help a company expand beyond the initial period of product development. The defined condiDefinition: tions include fields of application, geographic limitations, and royalty rates. Financial commitment (for product commercialization), access to market niches and distribution channels (domestic and gDefinition: lobal), and gaining access to other technologies, are just a few of the reasons why businesses choose to license, rather than develop or market internally.

Definition: [crh] Arrangement in which a local firm in the host country produces goods in accordance with another firm's (the licensing firm's>) specificationDefinition: s; as the goods are sold, the local firm can retain part of the earnings.