Licensing is a contractual agreement whereby one company (the licensor)makes a legally protected asset available to another company (the licensee)in exchange for royalties,license fees,or some other form of compensation.

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Licensing is indeed a contractual method through which a company (licensor) allows another company (licensee) to use its legally protected asset (like patents, trademarks, copyrights) for certain compensation, typically in the form of royalties or fees.

Licensing Is a Contractual Agreement Whereby One Company (The Licensor)makes