/ˈlaɪsənsɪŋˈ/ – Noun
Definition: việc cấp giấy phép.
A more thorough explanation: Licensing refers to the process by which a licensor grants permission to a licensee to use, produce, or sell a product, service, or intellectual property, subject to certain terms and conditions outlined in a licensing agreement.
Example: The company applied for a licensing agreement to use the patented technology in their products.