A license is an agreement to allow another person or company to make, import or sell something that is otherwise protected by an IP right. Licensing is therefore a very useful way of getting income through royalties, particularly if you do not have the means to exploit your IP to the fullest.
- You may be a new business with no immediate means of funding large scale manufacture, or perhaps one that is expanding into new markets with limited experience.
- In many situations, licensing is a useful and effective tool for deriving maximum benefit of your IP.
- Negotiating and drafting licenses can be a complex and ardous legal process, our team has many years' expertise in preparing and negotiating IP licenses and can advise you of the key considerations involved and will be more than happy to assist you with any queries you may have.
If you have any questions concerning licensing and exploitation of your IP rights, please follow the link to our contact us page.