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(energetic Spanish guitar music) - Stephen Key here, guess what? Were on our next adventure to, Lake Titicaca? Am I pronouncing that correctly? Im not quite sure, but its gonna be a great time. Please, join us on this adventure. Hey, Stephen Key here, and Janice, and guess what? Were on our next adventure, heading off to where? - Were at Lake Titicaca, an amazing name to be sure, and were going to visit the Floating Islands today. These islands are built completely on reeds and they float on the water. Were going to meet the indigenous people who live there. See some local customs and eat local food. - Clearly Janice does this much better than I do. - Of course. - So, stay tuned. (energetic Spanish guitar music) Alright, here are a few fun facts about Lake Titicaca. Its a hundred miles long, and how wide? - 37. - Well, thats a big lake, and its how high? - I believe were above 13,000 feet. - Hah! - Which makes it, the highest navigable lake in the world. There are other lak

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What is included in brand licensing?

Brand licensing is the act of giving permission for another company to use your businesss intellectual property (IP). Brand owners lease their patents, software, or characters to other companies. Licensees can re-sell the IP at a higher price or manufacture merchandise with the IP on it.

What is a license to use logo agreement?

A trademark license agreement allows the licensee to use (but not own) the licensors trademark in connection with agreed-on products or services. Licensing can help a company expand into new markets effectively and easily while lending the licensee an established name and reputation.

What is a brand licensing agreement?

A licensing agreement is a contract between two parties (the licensor and licensee) in which the licensor grants the licensee the right to use the brand name, trademark, patented technology, or ability to produce and sell goods owned by the licensor.

What is the concept of brand licensing?

Brand licensing is a way for brand owners to increase their current fan base and move into new businesses categories without major investment in new manufacturing processes. It allows retailers and manufacturers to stand out from the competition and offer consumers the hottest brands as well as drive sales.

What are examples for brand licensing?

An example of a brand licensing agreement includes Reeses, who knew the large market for peanut-based chocolates, but instead of trying to create the products themselves, they licensed their brand to other manufacturers. They gave the license agreement to Betty Crocker, who had experience and expertise in the field.

What should be included in a licensing agreement?

Licensing agreements are legal contracts that are written between two partiesa licensor and licensee. The contract stipulates the type of agreement, the length of the relationship, payments and royalties that are due and when, and the extent to which licensing is allowed.

What is the importance of brand licensing?

Licensing will help increase the use and visibility of your brand name and raise consumer awareness in relation to the products/services offered under your brand. Depending on the networks and distribution streams of a licensor or licensee, this could mean docHubing new types of consumers and geographical locations.

What are examples of IP licensing?

Patents, trademarks, and copyrights are all forms of intellectual property that can be licensed. For example, patent licenses can be used for mechanical devices and systems, healthcare products and services, electronic hardware, computer software, chemical compositions, and business methods.

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