What is a Licensing Agreement?

A liscensing agreement is a kind of business contract that will typically take place between two parties. This agreement basically states the liscence to the person who asks for it in order to make and sell goods. It also allows the person who is obtaining the liscensing agreement to develop some kind of logo for an item and then promote it to the public. Essentially, this type of agreement allows people to use, develop, and sell items that are under a licensed authority.