All forms of intellectual property can be licensed. A licence agreement can be a useful mechanism to generate revenue and resolve disputes.
If you own intellectual property and want to make money from it or you have been told a product you developed infringes someone else’s intellectual property, a licence agreement may be the solution you need.
How licence agreements can help
Licence agreements are the most common way to generate revenue from intellectual property where you do not have the time, capacity or skill to access existing or new markets. They can also be used as a means of resolving disputes, by allowing both parties to reach a mutually acceptable formal agreement.
What can be licensed
All forms of intellectual property can be licensed. Licence agreements are often used in the fields of information technology and software, franchising, collaborative research and development arrangements, and other joint ventures.
The features of a sound agreement
The terms of a well-structured licence agreement will be carefully defined and contain core provisions governing:
- what is being licensed and for how long;
- each party’s rights and obligations;
- payment terms and structures;
- newly developed intellectual property; and
- how the relationship will be brought to an end.
Achieving the right outcome
Each member of our licensing team gives you the ability to draw on a depth of knowledge in specific industries and technologies. We are also experts in negotiating, reviewing, drafting and managing licences. It’s what we do. To ensure your licence agreements achieve the best results, talk with one of our specialists today.