The term "licensed brands" refers to products or services that are authorized by a company, individual or organization to use their brand name, logo or trademark. This means that the companies producing these licensed goods have obtained permission from the owner of the intellectual property (such as a famous brand) to use it in exchange for payment and under certain conditions.
Licensing brands is often used by businesses as a way to expand their reach, increase revenue or gain exposure through partnerships with other companies that produce products or provide services using their trademark. This can include everything from clothing and accessories to electronics, food and beverages, toys, games, and even financial services.
In essence, "licensed brands" refers to any product or service that carries the name of a well-known brand as a result of an agreement between the owner of the intellectual property and another company seeking to use it for commercial purposes.