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Legal Distinction between Selling and Licensing a Product

The legal distinction between selling and licensing a product is that while selling something, a person has rights to set the monetary amount for that item but licensing is a kind of binding agreement between an owner and the other person. Licensing a product enables an owner to set some mandatory conditions about pricing, profits and commissions for selling in the designated area. So, licensing is the legal form of selling a product with certain binding conditions.

by Margaret Walker on Fri, 05/06/2011 - 11:15

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