Contract manufacturing means granting to another producer--for a fee or a royalty--the right to use one's productive process, patents, or trademarks.

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Contract manufacturing involves hiring another company to produce parts or entire products, but it doesn't necessarily involve granting rights to use one's productive process, patents, or trademarks. It's more about outsourcing production.

Contract Manufacturing Means Granting to Another Producer--For a Fee or a Royalty--The