There are different types of licensing agreements.
Agreements can be categorised by what's being licensed. For example, a patent licence will usually provide the licensee with the right to manufacture and distribute a product on the inventor's behalf, whilst a broadcasting licence may provide the right to stream certain events, like sport.
Alternatively, agreements can be categorised by the terms of the licence. For example, with an exclusive licence, only the licensee can use the rights. With a non-exclusive licence, the licensor can licence the IP to more than one party. And with a sole licence, both the licensee and licensor can use the IP, but no one else.