Licensing-bz meaning in English

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Definition

licensing (authorization to use copyrighted material, images etc.): the sale of permissions (to use copyrighted material, images etc.) noun
  • "Indigo Motel is selling shares on their website, and I just bought a ton of them. As soon as they raise $150,000 they'll use that money to record, promote and distribute their first album. As a shareholder, I will receive a cut of all sales and licensing."
  • "It appears that you neglected to sign the licensing contract for our co-branding deal in duplicate."

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