We offer services relating to licensing agreements and terms of reference with respect to deals and agreements between the owners of technologies and intellectual property rights and parties who seek to acquire and utilise such assets. An IP licensing agreement occurs between the owner of IP rights, who is often referred to as the licensor, and the person/party that is seeking authority to utilise such rights, who is referred to as the licensee – and this is often done in exchange for a monetary value in the form of a fee or a royalty.
The licensor, as the owner of the IP, will extend rights to the licensee to use the IP in many different forms and one licensing agreement can cover different forms of IP such as patents, trademarks, copyrights etc. An IP License may also provide the licensee the ability to get products or services to market and help to maximise on the revenue that can be generated between parties.
Start-Up Companies and entrepreneurs can identify some technologies or products that might strategically strengthen their position in the market to help strengthen their value proposition to their clients and we will help them to negotiate and attain agreements that will benefit both parties and this can include:
– patents for technologies;
– trademarks for branding of products and services;
– registered designs for products;
– copyright for literature and artistic works.
Licensing of IP can be a vital component of the business strategy for your Start-Up business. As a small business or an entrepreneur wishing to start a business, or perhaps expand your business, licensing of the intellectual property rights can be an effective tool that will help to strengthen and achieve such business goals. There are various types of licenses that an entrepreneur can enter into to leverage their position on the market. Examples of licensing agreements includes;
This type of agreement allows only the licensee to use the rights that are licensed.
The licensor retains the right to license the same rights to other third-parties to use simultaneously the rights licensed.
This agreement is similar to an exclusive agreement, however, the licensor also has rights to use the licensed rights.
This agreement can be employed when owners of IP agree to cross-license their technologies to their mutual benefit.
License Agreements can be structured in various ways and could, for example, could be limited to a specific territory or a particular industry or for a specific time frame etc. Our team will help you craft an agreement that will best serve your interests.