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The phrase "a licensing agreement" is correct and usable in written English.
It can be used in legal, business, or contractual contexts to refer to a formal arrangement between parties regarding the use of intellectual property or other rights.
Example: "Before we can proceed with the project, we need to finalize a licensing agreement that outlines the terms of use for the software."
Alternatives: "a licensing contract" or "a rights agreement".
Exact(59)
The partnership is really a licensing agreement.
The partnership is essentially a licensing agreement.
The companies soon signed a licensing agreement.
A licensing agreement doesn't require public hearings".
"It became more of a licensing agreement," Mr. Towers said.
The name stayed, and a licensing agreement was struck.
BLU settled its case by inking a licensing agreement.
EcoMotors has a licensing agreement with Navistar, which manufactures engines for commercial vehicles and electric generators.
It also has a licensing agreement with EMI, the smallest of the four major record companies.
Since 2005 it has had a licensing agreement with Forever International Auction Company in Beijing.
Similar(1)
That was eventually settled with a licensing agreement, reportedly worth some $21 million.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com