Who assumes the majority of the risk in most formal licensing agreements?

I believe the answer is: Licensee
Licensee refers to the individual or organization that obtain the right to sell certain products from another company.
The license would only grant you the right to sell, and does not cover the capital needed for you to buy the products.

It depends on what you believe, if you’re christian that you would have been told that the first humans were created by god and that we’re all decedent's from adam and eve but scientist say otherwise