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licensing agreement
li·cens·ing a·gree·ment (plural li·cens·ing a·gree·ments)


noun 
Definition:
 
agreement specifying royalties: a contract to produce and market a product in exchange for royalties paid to the manufacturer or distributor
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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