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What is the legal distinction between selling a product and licensing it?
Hi,
I believe in selling a product you are giving full rights to the product in its entirety to someone else.
In licensing you are just allowing someone to use the product for a set fee, although the product in its entirety (including concept and design) belong to you.
When you license a product to someone, that someone assumes full responsibility for manufacturing, distributing, and (if applicable) servicing it.