Any of your intellectual property (IP) assets may have the potential to generate additional revenues from licensing. Or you may be looking to save development costs by licensing IP from another company.
A licence is an arrangement whereby the owner of IP rights (the licensor) allows another party (the licensee) to use certain rights in return for a payment. The IP rights can include copyright material, trade marks, designs, knowhow and/or patents.
Licences can be relevant when you expand into new markets overseas or where others have IP rights or want to work with you. They can also be relevant when you work with other businesses as part of a joint venture, or merger, or takeover and share IP.
According to the International Monetary Fund the worldwide intellectual property (IP) licensing market is worth more than US$200 billion, and licensing your valuable IP rights can bring many benefits.
Page White and Farrer provides advice and consultancy on all aspects on IP licensing, from identifying IP assets to license to discussions, including:
- searching for IP rights relevant to licensing discussions;
- checking the status of IP rights and advising on strengths and weaknesses;
- negotiating and advising on new IP licensing agreements;
- advising on the terms of existing licence agreements; and
- registering licence agreements.
We use an extensive network of IP experts around the world, and we can obtain advice in any country on issues relevant to the licensing agreement.