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It will also benefit from about $9.0 million in third-party licensing income.
The tie-up unites two companies with similar business models – they both take characters which capture the popular imagination and promote them vigorously around the world on every possible media platform and through third-party licensing deals.
Pedigree, which has turned from a toymaker into a company that focuses on publishing and third-party licensing, is considering a conventional distribution deal as well as awarding a master licence.
Like the production company behind Eminem, the artists and Herrey maintain that digital licences should count as third-party licensing, which stipulates that revenue should be split 50/50 between the label and the artist.
In the business it is called third-party licensing.
Third-party licensing isn't something new in the wearables space.
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Take-Two responded by confirming their possession of a valid third-party license.
TRIPS grants limited flexibility around patent rights to Member countries to address public health needs.d Article 31, otherwise known as "compulsory licensing", permits a government to issue a third-party license without the patent-holders' consent.
Urdiales says local rules allow for two drivers to be staffed per private driver license on average, while licenses are typically tied to companies rather than individuals — thereby allowing Uber and Cabify to be able to recruit more drivers (via these third party license holders), and for recruitment ads such as the one pictured above to signify growth, not merely driver churn on their platforms.
The firm is in the process of applying for a virtual banking license in Hong Kong, a third-party payment license in mainland China and a cross-border Chinese yuan license.
The act allows banks and non-financial companies to apply for third-party payment licenses.
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