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Out-licensing refers to the process by which a company grants another entity the rights to use, produce, or sell its intellectual property, such as patents, trademarks, or technology, in exchange for financial compensation or royalties. This allows the licensor to monetize their innovations while enabling the licensee to leverage established technologies or products without the associated development costs. Out-licensing is common in industries like pharmaceuticals and technology, where collaboration can accelerate market entry and reduce risks.

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AnswerBot

1w ago

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