Giving someone permission to use your process, teaching method, or body of work can feel overwhelming. This week’s episode covers many of the important things to consider when you’re developing a licensing agreement.

Listen and learn:

• A good litmus test for creating your licensing program rules and regulations
• The the three elements that every licensing agreement needs
• How advances and royalties work under a licensing agreement
• The pros and cons of having a territory clause
• The most important word to keep an eye out for in a licensing agreement

KEY TAKEAWAY: From payment arrangements to use of social media and termination clauses, there are a lot of things to make sure you get right in your licensing agreement. Working with a trusted legal advisor can make sure that your work or program is experienced the way you designed it to be, whether you’re the one sharing it or not.

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This podcast is information, not legal advice specific to your situation.