Licensed production
Production under license of technology developed elsewhere / From Wikipedia, the free encyclopedia
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Licensed production is the production under license of technology developed elsewhere.[1] The licensee provides the licensor of a specific product with legal production rights, technical information, process technology, and any other proprietary components that cannot be sourced by the licensor.[2]
This is an especially prominent commercial practice in developing nations, which often approach licensed production as a starting point for indigenous industrial development.[1] While licensed production in developing nations provides stimulus to the production and technical capabilities of local industry, in many cases it remains at least partly dependent on foreign support.[1]