Licensing Deals
Understanding Prior Agreements: Key Considerations for Potential Licensors Seeking a Licensing Agreement
Licensing agreements play a pivotal role in monetizing intellectual property (IP). Whether you’re licensing a patent, trademark, copyright, or trade secret, it’s crucial to evaluate any prior agreements that may impact your ability to enter into a new licensing deal. Failing to consider these prior obligations can lead to legal disputes, financial losses, or even…
The Licensing Process: From Concept to Contract
Licensing is one of the most strategic ways inventors and businesses can monetize their intellectual property (IP) without manufacturing and marketing a product themselves. It allows the licensor to grant rights to a licensee in exchange for royalties, upfront fees, or a combination of both. However, the licensing process requires careful planning, negotiation, and execution…
Unlocking Profits: A Legal Expert’s Guide to Creating Licensing Deals and Assigning Copyrights
If you own intellectual property (IP), whether it’s a brand, an invention, a piece of art, or software, a licensing deal can be your golden ticket to monetization. Licensing allows you to generate revenue without giving up ownership, making it a powerful strategy for creators, businesses, and innovators alike. But here’s the catch: If not…
The Inventor’s Dilemma: Manufacturing vs. Licensing Your Invention
Bringing an invention to market is an exciting yet daunting challenge. As a small business owner or inventor, one of the biggest decisions you will face is whether to manufacture and market your invention yourself or license it to another company. Both paths have their advantages and disadvantages, but in many cases, licensing can be…
Mastering Licensing Deals: Protecting Your Invention and Negotiating the Best Terms
Licensing deals are a powerful way for inventors and businesses to monetize their innovations without the costs and risks of manufacturing and distribution. However, before entering into negotiations, it is crucial to understand how to protect your invention—particularly before securing a patent. Many inventors make the costly mistake of disclosing too much information too soon,…
Mastering Licensing Deals: A Comprehensive Guide to Protecting Your Copyright and Setting Up a Non-Disclosure Agreement
In today’s global economy, intellectual property (IP) is one of the most valuable assets a business can own. Whether you have created a groundbreaking book, a software application, an innovative design, or an artistic work, licensing your copyright can be a lucrative way to generate revenue without relinquishing ownership. However, before engaging in licensing negotiations,…