LICENSING OF INTELLECTUAL PROPERTY IS AN IMPORTANT COMPONENT TO CONSIDER IN YOUR OVERALL BUSINESS SCHEME. WHETHER STARTING A NEW BUSINESS, EXPANDING A CURRENT ONE, ATTEMPTING TO ENTER NEW MARKETS OR TRYING TO IMPROVE OPERATIONAL EFFICIENCY OR QUALITY, LICENSING YOUR BUSINESS INTELLECTUAL PROPERTY MAY BE ONE WAY TO ACHIEVE THESE GOALS. IN ADDITION, YOUR BUSINESS MAY NOT BE IN THE BEST FINANCIAL POSITION TO EXPLOIT ITS’ OWN IP. WHATEVER THE REASON, LICENSING MAY BE FOR YOU.

Why and how should my business license or assign its’ intellectual property?

Licensing of intellectual property is an important component to consider in your overall business scheme. Whether starting a new business, expanding a current one, attempting to enter new markets or trying to improve operational efficiency or quality, licensing your business intellectual property may be one way to achieve these goals. In addition, your business may not be in the best financial position to exploit its’ own IP. Whatever the reason, licensing may be for you.

You can license many types of intellectual property including trademarks, copyrights, technology and design rights, franchise agreements and software licenses. With licensing, you retain an interest in the intellectual property being licensed. You become the Licensor and you grant a license to the Licensee to use the intellectual property in accordance with an agreement. The license agreement will state the length and conditions of the agreement between the parties as well as the compensation, royalty or fee to be paid by the Licensee to the Licensor. These agreements can be set up in many different ways and they may be exclusive or non-exclusive as well.

Alternatively, an assignment of your IP may be a better approach for what you want or need. An assignment transfers all ownership rights in your IP to the person or business given the assignment. It is akin to a sale of all the intellectual property rights assigned.

Whatever you may need, INTELLEQUITY can help you figure out whether and how you should license or assign your intellectual property as well as negotiate and draft any agreement needed. Call us today to learn more!

Call us today at 503-575-1939 and let INTELLEQUITY help you license your intellectual property and make it more profitable!