What is the patent licensing? What is patent licensing?

Patent licensing, also known as patent licensing trade, means that the owner of a patented technology or his authorized person permits others to exploit the patents owned by him in a certain period of time, in a certain region and in a certain way, and collects the use fees from others. Patent license only transfers the right to use the patented technology, the transferor still owns the patent, and the transferee only has the right to exploit the patented technology, but does not own the patent ownership. Patent licensing is a kind of licensing trade in which the licensee is allowed to use its patent within a certain range by concluding a patent licensing contract and paying the royalties.