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In order to enter into licensing agreements worldwide you must own the intellectual property you are licensing worldwide and you must have a demand or market worldwide for your concept. A license is a right to use. Typically a license involves intellectual property. That property must be registered or applied in the country you want to sell to give you the right to license in that market. There aren’t just 2 fundamental product strategies. Strategies may be based upon your goals. After defining your goals you could sell, license or provide a third party right to develop a market, you may be able to franchise in a territory. Your choices will influence how you are paid and how much.
About Ask Brien
Ask Brien is a business community where business owners can ask other business owners questions and receive responses. We at Askbrien.com are focused solely on business. We don’t discuss anything but business on our site. Every business question is important to the person or entity asking. Ask Brien and the Ask Brien Radio Show are great resources for you to obtain information to common questions such as: Should I incorporate? What is a registered trademark? Do I need a domain? What’s web-hosting? Why do I need a website? How can I create an iPhone app and Android app? Am I paying too much in merchant fees? How do I get traffic to my website? Ask Brien is here to help you grow your company into a successful business.