The time it takes to negotiate a licensing deal can vary significantly. The timeframe for negotiating and finalizing a licensing deal depends on the parties’ responsiveness, complexity of the intellectual property, and the level of due diligence required to ensure the agreement meets the needs and expectations of both parties. Once an agreement is reached, licensing deals can range from relatively short-term agreements, such as a few months or a year, to longer-term contracts spanning several years or even decades.