👉 Licensing Explained |

Ever wondered what Licensing means in business? 🤔 Let’s break it down in simple terms! 💡

Licensing is a legal agreement where the owner of a brand, logo, patent, or technology (the licensor) allows another person or company (the licensee) to use it in exchange for a fee or royalty 💰. It’s a smart way to expand a business without losing ownership!

🚀 For example, a clothing company may use a cartoon character’s image under a license

👕. Watch this video to clearly understand Licensing and how it benefits both parties.
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Видео 👉 Licensing Explained | канала Accounting Hub