Renewal of the licence is often tied to a specified level of performance. The Workhorse for wood workers was invented in Canada and the licence to manufacture and sell it was sold to Black and Decker. Publishing is a form of manufacturing under licence.
Authors create books, sell the rights for their material to publishers, and receive royalties.
A Canadian entrepreneur contacted an American manufacturer of toy soldiers and obtained the rights to manufacture the toys in Canada. How To Do It Decide what type of manufacturing you would like to do. Identify and talk with potential customers to determine their need for the product. Seek professional financial and legal advice.