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What does a licensing deal mean?

Licensing is essentially an agreement between you (the licensor) and another party (the licensee) to take your product to market. In return, you receive either a lump sum or royalty payments for each item sold.

What is an example of a licensing deal?

Licensing agreements generate revenues, called royalties, earned by a company for allowing its copyrighted or patented material to be used by another company. Some examples of things that may be licensed include songs, sports team logos, intellectual property, software, and technology.

What is an example of licensing?

Examples of license agreements, include: Example: Walt Disney granting McDonalds a license for McDonalds to co-brand McDonalds Happy Meals with a Disney trademarked character. The license of a technology where the licensee is granted the right to use the licensors software, or other intellectual property asset.

Does a property manager need a real estate license in VA?

How to Get a Job as a Property Manager. To go into property management, youll need to get a Virginia real estate license. Getting a license means taking a 60-hour pre-licensing education course, passing the state licensing exam, paying the application fee, and passing a background check.

What is a licensing deal in music?

Music licensing is the commercial use of copyrighted music through an agreement called a music license. Music licensing agreements guarantee that a songs copyright holders are paid for the use of their music in media like: Movies and Films. TV Shows. Video Games.

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