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A license settlement is a contract between two parties that enables businesses to promote replicas with permission. This contract ensures the duplicate follows the legal guidelines and creates a mutually useful relationship. There are a quantity of options when businesses find it difficult to sell replicas and discover a authorized route. Licensing agreements, collaborations and partnerships are some options. For companies to promote replicas of copyrighted work, they need to get permission. They have to pay royalties to the copyright holder to obtain the permission.