licensing

Definition

The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions.

Use licensing in a sentence

We needed to get some licensing agreements done, so we could use what we wanted to use and do what we wanted to do.

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The licensing had already been taken care of so we could operate freely and legally in the small market we had been targeting.

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You should always try and enter into a licensing agreement whenever you are doing business with a new party for the first itme.

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risk retention group (RRG) FCC