Foreign licensing is a relatively simple way for even the most inexperienced business owner to extend his reach into global markets.

Question

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Foreign licensing allows a business owner to grant permission to a foreign company to use their intellectual property, such as trademarks or patents, in exchange for royalties or other fees. It can be a simple and cost-effective way to expand a business internationally without the risks and expenses of setting up a physical presence in a foreign country.

Foreign Licensing Is a Relatively Simple Way for Even the Most