IP Licensing Can Be a Gateway to Enhanced Revenue Growth
Intellectual property is an asset that can help drive the enhanced growth of your company by licensing it to other businesses. Or you may want to license or purchase intellectual property developed by another organization. Frequently licenses are connected to other transactions that the business is undertaking, and the IP attorney can ensure that the Intellectual Property dimensions of the transactions, including licenses, are in order.
In any case, our intellectual property licensing attorneys in Minneapolis and Atlanta can help you deal with IP licensing issues.
There are numerous types of licenses used by companies– which we can help you determine, expand and develop. All form of Intellectual Properties can be licensed, and sometimes multiple forms can be covered in a single license.
We elaborate on a few licensing situations:
One reason why an individual or business invents something is the hope that it will generate revenue by licensing the resulting patent to other companies. Patent licenses can also be useful to expand markets, foster relationship, spin off technologies, or for a range of other purposes. A patent attorney can help to evaluate potential benefits and risks of various licensing strategies.
A trademark protects the ownership of a product name, logos , and ; even a color may be trademarked or a unique fragrance. A trademark license often is restricted in terms of how another organization may use it. Trademarks generally are connected to particle good or services, and Trademark licenses are particularly used as ancillary parts of larger transactions. Since trademark licenses are connected to the concept of good will associated with a product or service, when we draft such an agreement as trademark licensing attorneys, we generally require the licensee to adhere to certain standards such as price, quality and the number of units that may be produced annually.
As intellectual property and patent licensing attorneys, we can be asked to combine two licenses in one agreement because each party wants rights to some of the other party’s IP. They are often the result of a patent dispute, which may or may not have resulted in litigation.
Joint Development License
This type of license provides for collaboration between two companies in developing a product when each has a unique set of resources. Thus, it is frequently used in the technology sector. When development is completed, the license provides for how each business may market the new product resulting from the collaboration. It also spells out how costs and revenue are shared. In a joint development context, the licenses that flow from these relationships often are particularly complex and often require careful consideration of many contingencies that are unknown at the start of the project.