The term "licensed products" refers to items that are manufactured or sold under a license from a brand owner. This means that the company producing the product has obtained permission from the intellectual property rights holder (such as a trademark, patent, or copyright) to use their name, logo, design, or other protected elements in exchange for payment and/or royalties. Licensed products can include a wide range of items such as clothing, accessories, toys, home decor, electronics, and more. These products are often popular among consumers because they feature well-known brands, characters, or designs that hold cultural significance.