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If you're the owner of some IP, licensing it to other parties is a significant source of income from it, and can often be the easiest way: they do all the work, and you sit back and wait for the checks to roll in.

It's easiest to see in the context of trademark. Say you own a minor league Baseball team. How much do you know about stuffed animal manufacturing? Probably nothing. But if you license your mascot to a company familiar with making and marketing stuffed animals, they do all the work, and you get whatever cut you negotiated.

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12y ago

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