Licensing Arrangements Are Arrangements

Short Answer

Licensing arrangements are arrangements
by a creator of a musical or artistic work to allow another person to use, produce, distribute, or market it for a fee or royalty.
by a supplier to allow another company the right to install or modify products produced by the supplier for a fee or royalty.
by a general contractor to allow international subcontractors to build a building for a fee or royalty.
by an owner of a process or product to allow another business to produce, distribute, or market it for a fee or royalty.
by an owner of a patent to allow another business to produce, distribute, or market the product covered by the patent for a fee or royalty.