When should I avoid granting or accepting a license?

You might receive advice against granting or accepting a license in situations where you can effectively develop your own intellectual property (IP), when there is a possibility of licensing your IP to companies that could diminish its value, when the royalties demanded are exorbitant and could hinder your business’s growth, when the IP to be licensed is relatively weak or easily circumvented, making it not worthwhile to invest in a license.