1. Permission to use something:
* This is the most common meaning of "licensing". It refers to formal authorization given to someone to use a particular thing, often in exchange for payment. For example:
* "The software company obtained a license to use the patent."
* "We need a licensing agreement before we can sell your product."
* "He has a fishing license."
2. The process of granting permission:
* This is a related meaning that emphasizes the act of granting permission. For example:
* "The licensing of the technology was a complex process."
* "The licensing department is responsible for reviewing applications."
3. A specific type of agreement:
* This meaning refers to the document itself that formalizes the permission to use something. For example:
* "We signed the licensing agreement last week."
* "The licensing is very detailed and covers all aspects of the project."
4. A regulatory framework:
* This is a less common meaning that refers to a system of rules and regulations governing the use of something. For example:
* "The licensing in this industry is very strict."
* "The licensing board will review our application."
The specific meaning of "licensing" will be clear from the context in which it is used.