Information

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty). It is a legal contract with rights and responsibilities for all involved. It will lay out how the partners enter, what all the partners agree to, and how you can get out of the agreement. Many times, these agreements will include more than one form of intellectual property. Many agreements have some resemblance, but there is some significant dissimilarity as well. The license grants permission to the licensee and includes stipulations. The licensee must honor these guidelines. One of the rules in the licensing agreement is usually a financial arrangement to pay for use of the license.Cokaco is associated with reliable lawyer who will assist you to complete your legal requirement.

Types of Licensing Agreements :-

Intellectual property licensors use three main types of licensing agreements. They are:

  • Exclusive license: A licensee who gets this license is the only one who can use the intellectual property. Even the licensor relinquish rights to the license during the length of the agreement. This type of license costs the licensee much more.
  • Non-exclusive license: A licensee has the rights to use the intellectual property. The licensor also has the option to sell it to others, though. Non-exclusive licenses have the greatest number of licensees. That's because many licensees have the right to use the same intellectual property.
  • Sole license: The licensee has the sole right to the licensing of the intellectual property. The licensor also keeps the right to use it. This is similar to an exclusive license. It's more favorable to the licensor, though. This type of license usually costs more than a non-exclusive one but is cheaper than an exclusive license.

What Issues Does a Licensing Agreement Cover ?

  • Technology
  • Trademark
  • Copyright
  • Patent
  • Franchising Agreement
  • Know - how
  • Trade Secret

Essential Elements of a Licensing Agreement :-

  • Financial Arrangement: Every licensing agreement should cover the financial arrangement of the deal. The main purpose of innovation in the business world is to make money This will include things like how much the licensor gets paid for every item sold (or some other type of financial compensation arrangement), whether there is any payment for the right to use the product itself, and much more.
  • Exclusivity: Having the only license to an innovation is a major competition advantage. The licensor could probably make more money by licensing the technology to everyone.
  • Rights: In most cases, a licensee will ask for full rights to a license. A licensee could use the rights to do research internally that could lead to further innovation which co advance would negate the value of the licensor's innovation. For this reason, the licensor should limit license rights as much as possible.
  • Confidentiality: The confidentiality section must say which parts of the license are secret.
  • Considerations: This section covers payment issues. Factors such as royalty calculations and annual payments need inclusion. This section is important in exclusive licenses in particular. Otherwise, the licensor may get less money than expected.
Information

A licensing agreement is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee) in exchange for an agreed payment (fee or royalty). It is a legal contract with rights and responsibilities for all involved. It will lay out how the partners enter, what all the partners agree to, and how you can get out of the agreement. Many times, these agreements will include more than one form of intellectual property. Many agreements have some resemblance, but there is some significant dissimilarity as well. The license grants permission to the licensee and includes stipulations. The licensee must honor these guidelines. One of the rules in the licensing agreement is usually a financial arrangement to pay for use of the license.Cokaco is associated with reliable lawyer who will assist you to complete your legal requirement.

Intellectual property licensors use three main types of licensing agreements. They are:

  • Exclusive license: A licensee who gets this license is the only one who can use the intellectual property. Even the licensor relinquish rights to the license during the length of the agreement. This type of license costs the licensee much more.
  • Non-exclusive license: A licensee has the rights to use the intellectual property. The licensor also has the option to sell it to others, though. Non-exclusive licenses have the greatest number of licensees. That's because many licensees have the right to use the same intellectual property.
  • Sole license: The licensee has the sole right to the licensing of the intellectual property. The licensor also keeps the right to use it. This is similar to an exclusive license. It's more favorable to the licensor, though. This type of license usually costs more than a non-exclusive one but is cheaper than an exclusive license.
What Issues Does a Licensing Agreement Cover ?
  • Technology
  • Trademark
  • Copyright
  • Patent
  • Franchising Agreement
  • Know - how
  • Trade Secret
Essential Elements of a Licensing Agreement :-
  • Financial Arrangement: Every licensing agreement should cover the financial arrangement of the deal. The main purpose of innovation in the business world is to make money This will include things like how much the licensor gets paid for every item sold (or some other type of financial compensation arrangement), whether there is any payment for the right to use the product itself, and much more.
  • Exclusivity: Having the only license to an innovation is a major competition advantage. The licensor could probably make more money by licensing the technology to everyone.
  • Rights: In most cases, a licensee will ask for full rights to a license. A licensee could use the rights to do research internally that could lead to further innovation which co advance would negate the value of the licensor's innovation. For this reason, the licensor should limit license rights as much as possible.
  • Confidentiality: The confidentiality section must say which parts of the license are secret.
  • Considerations: This section covers payment issues. Factors such as royalty calculations and annual payments need inclusion. This section is important in exclusive licenses in particular. Otherwise, the licensor may get less money than expected.