Otherwise, you could stand to lose money and much more.Ī licensing agreement is what creates a partnership. You need to use the correct agreement to have a successful partnership. Similar to real estate, there are many types of licensing agreements based on the different forms of IP. With this agreement, the licensor, or the person owning the intangible asset, gets a fee for letting a licensee use or market the IP. This is known as intangible property (IP). What Are Licensing Agreements?Ī licensing agreement is a way you can make money from intellectual property, like a patent, copyright, or a trademark. If you have intellectual property, or you want to work with another company’s intellectual property, a licensing agreement can be useful. ![]() ![]() Knowing the types of licensing agreements that are available can be a great asset for you in the future.
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