If you have been granted a Trade Mark or Patent, you may be facing the quandary of how best to exploit it commercially.
Licensing can prove a lucrative option and a practical one if you lack the capital or expertise to grow things to their full potential.
To licence your IP to another person or company you will need to enter into a Licensing Agreement. This will cover issues such as:
Term: how long will the licensee have the right to use your IP?
Ownership of developments or alterations: if the licensee improves or changes your IP, who will own it then?
Payment: will the deal be a one-off licensing fee or a share of profits?
Termination: on what grounds can either party end the agreement?
If you are thinking of licensing your IP it is important to take legal advice early on, so that you can decide on your best options and be fully prepared when approaching potential licensees.
An IP Lawyer will make sure your interests are protected, from putting confidentiality agreements in place prior to negotiations, to securing the right terms of payment.
Trade mark registrations, oppositions and renewals
- advice on registering your company name or logo strengthening your brand
- transfers of title
- infringement and passing-off procedures
- revocation actions and challenges to validity
Patents and protection of inventions
- advice on registering your invention and protecting your know-how
Copyright and designs
- advice in relation to the protection and licensing of copyright and designs
- registration of design rights
Commercial agreements that will release the value of your IP
- advising developers, licensors and licensees
- joint ventures
- research and development
- data sharing
Confidence and trade secrets
- drafting of non-disclosure agreements
- taking injunctive action