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Disadvantages to the licensee include: The licensee being responsible for production, marketing, selling, etc. The licensee potentially being dependent on the licensor's intellectual property. The licensee having to pay an upfront fee and/or royalty to the licensor.

Not producing a product that manufacturers want to license. Fewer than 10 percent of inventors successfully license their products. A licensing deal can require extensive negotiating and effort. Also, you may have to invest some of your own money up front to complete your product and make it worthy of licensing.

Yes, if you make the source code of the GPL-licensed software available to your customers and you don't restrict the distribution or modification rights of the GPL-licensed components. And you can link your proprietary software with a GPL library.

Many inventors find it worth the effort to maintain control of their products. Manufacturing provides a higher reward potential but also comes with more risks. On the other hand, most of the time, licensing has a lower risk and a lower cash potential.

Like the GPL v2, GPL 3 is a strong copyleft license, meaning that any copy or modification of the original code must also be released under the GPL v3. In other words, you can take the GPL 3'd code, add to it or make major changes, then distribute your version.

Anyone else can take the software and use it, modify it, or even sell it as their own. If they sell it, they can sell their copy under any sort of license they desire. It can be open.

This doctrine of law seems fit to enforce the GPL, as one of the most powerful remedies available for copyright infringement is injunctive relief. For GPL violations, this usually means preventing the infringer from distributing noncompliant software. Copyright law also provides for actual and statutory damages.

AssetExplorer can scan your network to identify software and hardware assets, and the service constantly monitors for new additions. With AssetExplorer, you don't need to worry about breaches in compliance, as the platform helps you manage the number of users for each license versus its usage requirements.

You may copy, distribute and modify the software as long as you track changes/dates of in source files and keep modifications under GPL. You can distribute your application using a GPL library commercially, but you must also provide the source code.

Starting a company to develop and manufacture a new product that may or may not sell requires significant capital investment. Therefore, product licensing is a more lucrative way for entrepreneurs and inventors to make money from their ideas.