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Licensing your trademark is a great way to make some extra money without reinventing the wheel. So, by the end of this video, youre going to understand what a license is, some special things about trademark licenses, and examples of ways you can earn that extra cash via trademark licensing. So first, what is a license? A license is another word for permission, Its not an exclusive grant of rights, in other words, you are not selling or granting your trademark to someone else, you are simply giving them permission to use it in a very specific way. And, speaking of that specific way, there are some special things to think through when you are licensing a trademark as opposed to licensing artwork or creative work. When youre licensing a trademark you are licensing your marks good will. So, its your trademarks reputation and brand recognition. And for that reason, QC, QC, QC. In other words: Quality Control. You want to be absolutely sure that you have some voice, some control o