"Technology licensing" refers to the process of granting permission to use or access technology, software, or intellectual property rights. It allows companies or individuals to use or implement a specific technology developed or owned by another party in exchange for agreed terms, such as royalties or fees. It is a way for technology creators to share their innovations and for others to benefit from using them.
Full definition
Synonyms for individual words can be found below.
«technology»
«licensing»
Sentences with «technology licensing»
- Clients also benefit from his experience advising on patent portfolios and assisting with technology licensing agreements. (whitecase.com)
- The sponsors pay the advertising and technology licensing fees for the service. (investorjunkie.com)
- The company recently withdrew from the e-reader market, and is now focused on technology licensing. (oled-info.com)
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