Answer :
The given question is an example of licensing.
Licensing is an agreement in business whereby one firm permits another company to produce its goods in exchange for a certain sum.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm. By purchasing a license, you may immediately access the production, distribution, and marketing networks that other businesses may have spent years or even decades developing. You receive a portion of the money made from the sale of any goods or services made possible by your license in exchange. Although licensing costs are normally a small portion of the sale price, they can add up quickly.
There are numerous sources for properties that can be licensed. The definitions of several property kinds are frequently ambiguous and overlap.
Hence the statement is talking about licensing.
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