What types of intellectual property can be licensed?
Patents, trademarks, and copyrights are all forms of intellectual property that can be licensed. For example, patent licenses can be used for mechanical devices and systems, healthcare products and services, electronic hardware, computer software, chemical compositions, and business methods.
What are intellectual property agreements?
Under an intellectual property licensing agreement (also known as an intellectual property license or an intellectual property license agreement), you retain ownership of your patent, copyright, or trademark, but you give another party permission to use some or all of your intellectual property rights for a specific …
What are different types of licensing?
How to decide between types of licensing agreements
- Patent Licensing. Patents cover science and innovation.
- Trademark Licensing. Trademarks are signifiers of commercial source, namely, brand names and logos or slogans.
- Copyright Licensing.
- Trade Secret Licensing.
- Exclusive.
- Non-exclusive.
- Sole.
- Perpetual.
What are the types of license agreements?
Types of licensing agreement The unique feature of this type of agreement is that even the licensor is excluded to use or exploit the licensed property during the term of the agreement. Copyright, trademark and patent licenses are the best examples of an exclusive license agreement.
What should be included in a licensing agreement?
The licensing agreement should explain what the licensee can do with the license. It should say whether the license is exclusive or not. It should also discuss whether the licensor gets to use the license or cedes all rights to the licensee.
What type of property is the basis for licensing?
What type of property is the basis for licensing? intellectual property. How is licensing different from branding? Licensing isn’t branding because branded items don’t use another company’s trademarks, they only feature the logo of the manufacturer.
What are the terms of a licensing agreement?
In a licensing agreement, the licensee typically pays an upfront fee in conjunction with a royalty fee. In a typical licensing agreement, the licensor agrees to provide the licensee with intellectual property rights such as the licensor’s technology, brand name, or product creation know-how.
What are the most commonly used licensing agreements?
The most commonly used licensing agreements will include trademarks, technology, and trade secrets. Many times, these agreements will include more than one form of intellectual property. Many agreements have some similarities, but there are some significant differences as well.
What is an intellectual property license agreement?
Therefore, a license agreement involves the licensor agreeing not to sue a licensee for using the intellectual property of the licensor. IP rights entail the following: The rights may stem from a company, and owners retain rights throughout the lifetime and as leverage against any competitors.
What are the different types of patent licenses?
The common forms of patent licenses include exclusive, non-exclusive, and cross-licenses. An exclusive patent license is more valuable to the licensee than a non-exclusive license. For example, a new engine-related invention is licensed exclusively to different manufacturers in the airplane, motorcycle, and boat industries.