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What is the purpose of licensing?

Licensing is a legal process that provides permission to an individual or company to use, distribute, or manufacture products, services, or intellectual property belonging to another entity. It ensures fair transactions and protects the rights of both parties involved ( Entrepreneur Handbook, n.d.).

What is the difference between a licensee and a licensor?

Licensors must protect their IP rights and ensure the licensed products or services meet the desired standards. Licensee: The licensee is an individual or organization that obtains permission to use the licensor’s intellectual property or assets under the terms and conditions set in the agreement.

What does licensing mean?

Get a quick, free translation! LICENSING meaning: 1. the act of giving people official permission to do, have, or sell something: 2. the act of…. Learn more.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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