What is another word for licensing agreement?
Pronunciation: [lˈa͡ɪsənsɪŋ ɐɡɹˈiːmənt] (IPA) 
A licensing agreement is a legal contract between two parties that allows one party (the licensee) to use a product, service, or intellectual property of another party (the licensor) in exchange for monetary compensation or other benefits. There are several synonyms for a licensing agreement, including permission agreement, usage agreement, authorization agreement, royalty agreement, and revenue-sharing agreement. These agreements are commonly used in many industries, including music, technology, and software development. Licensing agreements are an effective way for companies to monetize their intellectual property while allowing others to benefit from their creations. When creating a licensing agreement, it is important to seek the guidance of legal professionals to ensure that the agreement is fair, legally binding, and protects the interests of all parties involved.
