Nonprofit Leadership
Licensing is a legal agreement that allows one party to use, produce, or sell another party's intellectual property (IP) in exchange for a fee or royalty. This concept plays a crucial role in creating earned income streams, as nonprofits can leverage their unique assets, such as brand names, trademarks, or proprietary products, to generate additional revenue. Through licensing, organizations can expand their reach while ensuring that their IP is used in a manner consistent with their mission and values.
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