Licensing trade Licensing trade is sometimes called licensing trade:
It refers to the technology trading behavior that the owner of intellectual property or proprietary technology, as the licensor, signs a licensing contract with the licensee (importer), grants the technology he owns to the licensee, allows the licensee to use the technology according to the conditions agreed in the contract, manufactures or sells the contract products, and the licensee pays a certain amount of technology use fee.
Licensing trade can be divided into patent licensing, trademark licensing, computer software licensing and proprietary technology licensing according to its subject matter. In the practice of international technology trade, licensing trade can include one of the above contents, such as a simple patent license, or two or more of the above contents, making it a package license.