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all right youre working really hard you come up with a great idea youve got a little bit of protection maybe a provisional patent application you have this great idea youve got the marketing material you docHub out to a company and guess what now its time to get a licensing agreement so during this video Im going to talk about what is a licensing [Music] agreement okay before we get started I have to give you thisp claimer I am not a patent attorney and Im not giving legal advice what is a licensing agreement a licensing agreement is a legal contract between two parties known as the Lor and the lensey all right you are the licensor if youre the inventor and youre going to rent your idea to a company that is called the licy youre going to license your idea to a company and they are the leny and typical licensing agreement the Lor grants the ly the right to produce and sell Goods apply a brand name or trademark or use patented technology owned by the Lor which is you okay what is
