Licensing My Intellectual Property (IP)
An intellectual property (IP) license grants a third-party licensee the right to use your intellectual property in exchange for a fee or ongoing royalty payments. It is also a means of getting additional capital into your company, particularly if you are not currently using the IP or are only using it in a particular sector and/or geographical territory.
There are many reasons why a firm may wish to license its IP, such as:
- Sharing Risk: When a licensor grants permission to a licensee to manufacture or sell products, the licensor receives income for the license without bearing the risk of manufacturing, promoting or selling the product itself.
- Revenue Generation: The license holder may commercialize the IP in order to gain additional income.
- Market Penetration: The license holder may license another business to sell or conduct business in a territory that the owner cannot cover
Learn more about your Intellectual Property rights and how you can protect your investment. Through the experts at Metis Partners you can learn about Intellectual Property strategies in addition to formal intellectual properties such as copyrights, designs, and trademarks and informal intellectual properties. You can also find the answer to, “What is a Patent?“.