Although licensing arrangements often varied, many involved a foundation in which the licensee toy company paid the licensor a large advance of money. This advance guaranteed the licensor a large profit regardless of the licensee successfully selling its product however, the licensee would often also be required to pay the licensor a percentage of the net ous details including the amount of time a licensee could produce a product,the type of products to be created, and in which countries the products could be sold.