A licensing agreement is a contract between two parties, the licensor and the licensee, that grants the licensee the right to use the licensor’s intellectual property (IP) in exchange for a fee or other consideration. The IP can include patents, trademarks, copyrights, trade secrets, and other forms of intellectual property. The agreement outlines the terms and conditions of … [Read more...] about Understanding Licensing Agreements: Types, Benefits, and Drawbacks