Licensing a trademark allows other businesses to use your registered trademark in exchange for royalties
or other forms of compensation. This is a strategic way to monetize your intellectual property while
retaining ownership of the trademark. Licensing agreements can be exclusive or non-exclusive, depending
on the arrangement you wish to establish. By licensing your trademark, you can expand your brand’s reach
and gain additional revenue streams without giving up control over the mark. However, it's essential to
have a legally binding and well-drafted licensing agreement that outlines the terms of use, duration,
and compensation, ensuring that your trademark’s integrity is maintained throughout the licensing
period.