Giving somebody else the ability to use your intellectual property is often formalised with a licence agreement. A licence will set out the terms that must be obeyed when another party uses your intellectual property.
Licences are a common tool used by lots of businesses to turn intellectual property into a revenue stream. It is often said that intellectual property can be one of the business’s most valuable assets, and through licensing your intellectual property to others, your business can realise some of that worth.
We have extensive experience in dealing with a wide variety of licences in many different industry sectors, including brand marketing and advertising, software development, website development, music and film, adult entertainment and gaming, print and online media, and general commercial practice.
You might be thinking…
- Licence agreements sound complex
- I’m not sure I really need a licence
- We make preparing licence agreements easy!
Did you know…
- We’ll keep the language simple but appropriate for how you and the other party using your intellectual property will prefer to read through and digest the terms of the licence.
- We’ll make sure your licence is appropriate for the type of intellectual property and the way you would like it to be used.
- A license needs to be carefully considered as they can have long term consequences. Templates may work for very straight forward arrangements, but a one size approach rarely fits all!
Our approach to helping you licence your intellectual property
We can help you licence your intellectual property in the UK, EU, USA and other international territories.
Simply book in a call with us and one of our experts will talk you through your options for licensing your intellectual property. We’ll need to build a good understanding of your business, your market and the way you would like others to use your intellectual property and at what cost. Don’t worry if you’re not sure, our experts will guide you through the key points you’ll need to consider which will help you with your strategy.
We’ll set out our fixed fee and timescales for helping you prepare your licence agreement. We like to keep this short and straight to the point so you can make a quick decision to instruct us.
Preparing the draft
Once you’ve instructed us, we’ll go ahead and prepare the first draft of your licence which will take into account the key points discussed during the scoping call.
Taking you through the licence
Once our expert has finished the first draft, they’ll take you through the agreement to make sure you’re happy and clear with all the terms, the tone of voice and the format of the agreement. From there, we can make further adjustments before sending you a final version ready to use.
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