International Licensing

International Licensing is an arrangement whereby a foreign licensee purchases the rights to produce a company's products and/or use its technology in the licensee's country for a negotiated fee structure.

Definition

According to the Strategic Management by Parnell (4th edition),

International Licensing. An arrangement whereby a foreign licensee purchases the rights to produce a company's products and/or use its technology in the licensee's country for a negotiated fee structure.