A licensing agreement grants a manufacturer the right to develop, market and sell approved products (typically leveraging a company's brand name, logo(s), mark(s) and/or licensable assets) to approved retailers in return for payment — typically a royalty and guarantee based on wholesale sales as specified in the license agreement.
According to LIMA 2014 Annual Licensing Industry Survey, only in U.S. and Canada, licensing industry has 6 Billion USD sales volumes in the whole retail industry, which is 115.75 Billion USD.
Turkey, Russia, Ukraine, Kazakhstan, Romania, Egypt, Qatar, Oman, Bahrain, Kingdom of Saudi Arabia, Morocco, Georgia, Jordan, Kuwait, Lebanon, Syria, United Arab Emirates, Bulgaria, Bosnia and Herzegovina, Belarus, Azerbaijan, Iran, Iraq, Albania, Armenia, North Cyprus, Tunisia, Libya, Kyrgyzstan, Kosovo, Macedonia, Moldova, Estonia, Lithuania, Latvia, Mongolia, Tajikistan, Turkmenistan, Uzbekistan, Yemen, Algeria, Serbia, Montenegro, Kenya, Nigeria, Ethiopia, Ghana, Tanzania, Pakistan, Angola, South Africa.