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Royalty
A payment made to an individual or organization for the right to use their intellectual property, such as patents, copyrights, music, or literature.
Contractual Agreement
A legally binding arrangement between two or more parties that outlines the terms and conditions of their relationship or transaction.
Brand Licensing
A legal agreement where a brand owner permits another company to use the brand's name, logo, or product characteristics to manufacture and sell products.
Generic Branding
A strategy where products are marketed without a brand name, making them often cheaper than branded alternatives.
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