An example of a licensing agreement in the restaurant sector would be for a McDonald`s franchisee to have entered into a licensing agreement with McDonald`s Corporation allowing them to use the company`s branded and marketing materials. And toy makers regularly sign licensing agreements with movie studios that give them the legal power to produce action characters based on popular similarities of movie characters. License agreements limit the conditions under which one party may use another party`s property. While the real estate in question can encompass a large number of objects, including real estate and personal property, licensing agreements are most often used for intellectual property, such as patents and trademarks, as well as copyrights for written materials and plastic arts. . . .