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Andrew Krause, co-founder of Enventys Partners, discusses licensing contracts in this tutorial. He distinguishes between patents and licensing agreements, emphasizing that a patent protects the invention, while a licensing agreement is a deal with a company to pay royalties for selling the product. Krause highlights the importance of having a licensing agreement, as some companies may not prioritize patents but are still willing to pay royalties. He urges viewers to understand the essentials of licensing contracts to avoid surprises during negotiations.
