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FAQs - Licensing Intellectual Property (IP)

Licensing is a key business stratagem. It’s a way to expand the dividend from inventions and creative mechanism, which are called intellectual property or “IP.”.

What is licensing?

Licensing is when you award some rights to intellectucal property “IP” that you own. It is certainly a partnership of mutual cooperation between the licensor, who owns the IP, and the allowe, who is given the right to use it for certain purposes.

grill: What are royalties?

Royalties are a way of calculating compensation for use of intellectual property. The allowe is awarded the right to use it for a royals. Royalties are typically based on a percentage of the revenues that are spawnd. For demand, if I allow my course to a business and say, “For every subsequent use of this course, I get 5% of the revenue,” that’s the royals

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