Licensing Law Firm
Intellectual property protections — patents, copyrights, trademarks, etc. — make it so that no one else can copy your ideas for their own profit.
However, just because someone has protections in place doesn’t mean it’s impossible for others to make use of that intellectual property. Through licensing agreements, you can access others’ property or you can share your own. To do this, though, you need to make sure you address all of the relevant legal concerns.
At IPS Legal Group, our team is made up of intellectual property experts, and they are here to help you with any and all of your licensing needs. Get in touch today or read on to learn how we can help you deal with any licensing issues you may have.
Types of Licenses
Licensing can be applied to many different forms of intellectual property, including but not limited to patents, trademarks, and copyrights.
Some of the most common forms of licenses businesses apply for or offer fall into one of the following categories:
- Characters from movies or TV
- Celebrity likenesses
- Sports teams
- Publishing rights
Getting Licenses From Others
If another company has a patent, copyright, or trademark that you would like to use, you will need to secure property licensing before you are able to do so.
This involves negotiating and drafting a licensing agreement. In this document, terms will dictate what exactly you can do, how long you can use the intellectual property for, and when the license stops.
It’s important to negotiate a favorable licensing agreement so that you ensure you get what you want without exposing yourself to any unnecessary risks. If you’re looking to secure licensing from another company, we’re here to help you create the appropriate documentation to make this happen.
Increasing Revenue By Strategically Sharing Intellectual Property
Another thing you can do with licensing is use it to make more money. If you hold a patent, trademark, or copyright on something and don’t mind sharing it with another company, you can do so by selling licenses, which is a great way to make money.
Again, if you decide to go this route, you need to make sure you have ironclad license agreements in place before you start. This ensures you know exactly what you’re giving up and will prevent any problems before they occur.
If you’re thinking of strategically sharing some of your intellectual property to increase revenue, get in touch today.
We will help you determine the best way to make money while not sacrificing your competitive advantage. And then we will help you draft the appropriate documentation so that you can begin your collaboration.
Pursuing Licensing Violations and Staying Compliant
If you grant licenses to another company but suspect they are violating the terms of your agreement, it may be necessary to pursue litigation. Of course, everyone wants to avoid this. But this is your intellectual property and it needs to be taken seriously. Should you be forced to go down that route, IPS Legal Group is here to help you craft your case and protect your property.
On the other side of things, if you are using licenses from other companies, it’s absolutely critical you stay in full compliance with your licensing agreements. We will ensure you do this, and, in the event you do face a lawsuit, we will help you prepare and execute your defense.
Trust IPS Legal Group with Your Licensing Needs
No matter what your specific needs are, if you are looking to venture into the world of intellectual property licensing, we are here to help. Get in touch today so that we can help you assess your situation and make the right move.
We’re looking forward to working with you!