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Product Licensing

Product licensing is the process of selling the rights to use a product to another company. Product licensing can be an effective way to generate revenue from a product, especially if the product is not selling well. Product licensing can also be a way to ensure that a product is used in a way that is consistent with the company's brand. For example, a company that manufactures infant formula may license its products to be sold in baby stores. Product licensing can also be used to protect a company's intellectual property. For example, a company may licenses its patents to another company in order to prevent the other company from reverse engineering the products. Product licensing can be a complex process, and companies should consult with an attorney before entering into any agreements.

Product licensing is the process of selling the rights to use a product to another company.

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