Circular Economy Business Models
Licensing agreements are legal contracts that allow one party to use the intellectual property (IP) of another party under specified conditions. This can include patents, trademarks, copyrights, or trade secrets, enabling companies to leverage existing innovations and creative works to scale their operations. Licensing is a key strategy for expanding market reach and facilitating the adoption of circular economy solutions by allowing businesses to use technologies and models developed by others without the need for extensive research and development efforts.
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