Toy licensing is a form of product licensing used to protect the interests of a company or individual in the distribution, marketing and/or sale of its toys. A licensing agreement not only gives you control over how your toys are sold, but can also protect your intellectual property rights. Toy licensing agreements generally include: stakeholders have signed voluntary agreements with the European Commission to improve toy safety licensing agreements, are a great way for a toy brand holder to generate revenue that benefits from his toy and brand. By entering into a toy licensing agreement with another party, they can protect their interests and grant distribution and marketing rights to others in order to open new markets for the toy. «We are pleased to expand our relationship with Disney and extend our contract for the Marvel and Star Wars franchises,» said Brian Goldner, President and CEO of Hasbro. «Disney`s franchises are consistently classified as leading toy properties and offer vast content that we can build on in the years to come.» However, enthusiasm can fade and not all licensing options are a sure thing. It is therefore not uncommon for existing licensees to apply the same accounting principles and payment practices in all licensing agreements and not deviate from these conditions in order to limit risks and protect their investments. In general, there are two accepted definitions of «sale» as used in accounting practices applied to toy licensing agreements: whether it is the collection and storage of critical information from agreements or automatic notifications of extensions and expiry data, OnBase provides the tools necessary to adopt your paper-based and error-prone process and transform it into an efficient, intelligent and intelligent electronic process. Shortly after the contract expired, George Lucas announced that he would publish a pre-what trilogy and that a new agreement was to be reached, all because no one had complied with an annual clause of $10,000 in the contract, which maintained a very advantageous 5% royalty. As a result of negotiations on the new agreement, this rate increased by up to 18%, which significantly complicated the toy manufacturer`s profitability.