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In this episode of the Bent Right Comm YouTube show, Andrew Krause discusses the basics of licensing contracts. He clarifies the distinction between a patent, which protects an invention, and a licensing agreement, which is a contract enabling a company to sell a product in exchange for paying royalties. Krause highlights the importance of understanding licensing agreements and addresses common misconceptions, noting that many companies may not consider patents when entering licensing deals. This understanding is crucial for those engaging in licensing, as it impacts negotiations and business strategies.
