The Benefits of Getting a License Agreement for Your Business The Benefits of Getting a License Agreement | Page 3

The benefits include better generated revenue. If you are allowing another company to carry or distribute your products, you will observe that your income and profit will significantly increase. One more added advantage is the recognition it will bring your company. The more people are selling your product the better. Your brand will be more popular and this factor alone will contribute to a boost in your sales. If you are thinking that only a tangible object could be licensed, you would be incorrect. Not only that, but an owner of an intellectual property can also give legal rights to another organization to distribute or promote orwork on it.