+**Licensing** is the formal grant of permission by one party to another, allowing the latter to [Use](/wiki/use) a specific asset or [Property](/wiki/property). These agreements define the terms, conditions, and scope of such utilization, often for a stipulated fee or royalty.
+## See also
+- [Copyright](/wiki/copyright)
+- [Patent](/wiki/patent)
+- [Contract](/wiki/contract)
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