Patent licensing is the process of granting permission to another party to make, use, or sell your patented invention in exchange for compensation, typically in the form of royalties or licensing fees. Commercialization involves bringing your patented technology to market, either through your own business operations or through licensing agreements with third parties.
Licensing can provide a steady revenue stream without the need for significant capital investment in manufacturing or marketing. It allows you to monetize your intellectual property while focusing on your core business activities, and it can help you enter new markets or industries where you lack expertise or resources.
We handle a wide range of licensing agreements, including exclusive licenses (granting rights to a single licensee), non-exclusive licenses (allowing multiple licensees), cross-licenses (mutual exchange of patent rights), and technology transfer agreements for universities and research institutions.
We provide legal counseling for technology transfer, including licensing, commercialization, and joint research ventures. Our team assists with the negotiation of contracts, employment law matters associated with intellectual property portfolios, and import/export matters regarding technology-based products.
Key considerations include the scope of the license (exclusive vs. non-exclusive), the territory covered, the duration of the agreement, royalty rates and payment terms, quality control provisions, and termination clauses. We help you negotiate favorable terms that protect your interests while facilitating successful commercialization.
