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The technology explosion, the dot-com boom and its subsequent demise, and the continuing expansion of the North American economy--the constant thread through the last two decades has been the ever-increasing reliance by almost all businesses and industries on licensing intellectual property, technology, and other forms of intangibles for one purpose or another.
As early as 1996, U.S. corporations earned $66 billion in royalty income by licensing technology to unaffiliated entities. (1) From the golf course developer that licenses sophisticated mapping technology, to the video game producer that develops much of its own technology, but must license significant ...