What are the main challenges of traditional licensing?

What are the main challenges of traditional licensing?

Traditional licensing faces several challenges, including high costs, lengthy approval processes, and limited flexibility.

Can you elaborate on the high costs involved?

Certainly! High costs can arise from legal fees, compliance requirements, and the need for extensive documentation.

What about the lengthy approval processes?

Lengthy approval processes can delay product launches and hinder innovation, as companies must navigate bureaucratic hurdles.

Are there any alternatives to traditional licensing?

Yes, alternatives include open-source licensing, collaborative agreements, and digital rights management solutions.