Patent licensing involves granting exploitation rights over a patent to a licensee rather than exploiting the patent directly. This forms a legal contract that spells out the rights and obligations of both parties. Licenses can be revoked if obligations like sales targets are not met, while assigning a patent transfers ownership permanently. Licensors seek to profit from royalties paid by licensees over the patent term. Performance obligations in licenses help ensure steady progress in developing and marketing the patented invention.
NEWS FLASH: //Check our latest course offering on Patent-Business-Strategy over at Udemy here: http://www.udemy.com/patent-business-strategy/ with a 50 per cent launch discount //
An overview of IP/patent licensing field. Various strategies and practical aspects of patent licensing are discussed here. Please do NOT consider this legal advice.
[Some material has not been updated for recent changes, so use it at your own risk]
Disclaimer: This is not legal advice.
A summary of terms that should be included in licence agreements. Presented at an ASEAN-USPTO Program on Technology Transfer in Bangkok, Thailand, July 2, 2009.
NEWS FLASH: //Check our latest course offering on Patent-Business-Strategy over at Udemy here: http://www.udemy.com/patent-business-strategy/ with a 50 per cent launch discount //
An overview of IP/patent licensing field. Various strategies and practical aspects of patent licensing are discussed here. Please do NOT consider this legal advice.
[Some material has not been updated for recent changes, so use it at your own risk]
Disclaimer: This is not legal advice.
A summary of terms that should be included in licence agreements. Presented at an ASEAN-USPTO Program on Technology Transfer in Bangkok, Thailand, July 2, 2009.
Presentation Slides from InfoLab21 and the Intellectual Property Office's event: "Intellectual Property: Value Creation" at Lancaster House Hotel on 14th February 2012.
IP rights are an important class of intangible assets that can be assigned or licensed to generate revenue. Indeed, some companies do not make or sell products; their entire revenue is derived from the licensing of their patents. Suffice it to say, licensing revenue has become a significant source of value in the global intellectual property economy. This webinar will help you better understand the complex legal issues associated with IP transactions.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/buying-selling-ip-2020/
This presentation was given at the American Bankruptcy Institute Annual Spring Meeting on April 26, 2014. We address pre-petition and post-petition issues where intellectual property assets are owned or licensed by the debtor.
Presentation originally given to business advisors on 11 Oct 2008. Starting with a case study of three young entrepreneurs, the presentaiton considers how each of them can be assisted. It then deals with the sources of IP, the available assistance including inventors\' groups and clinics and the services avfailable form professional advisors.
Presentation given to the Chicago Lean Startup Circle on Dec. 1, 2011.
In a lean startup, getting product-to-market-fit is everything. Along the way, consider core IP issues to make sure your startup owns all of the value that you are adding. You can also have lean IP, just make sure you fully understand the implication of bootstrapping.
As always, consult with a lawyer if you have questions or concerns.
Third Party software product licenses and services resold by VMware are provided by the manufacturer under its own end user license agreement and services terms.
Download at: https://templateshunter.com/business-operations/end-user-license-agreement-style-17.html
Intellectual Property is a Part of Social and Professional Issues in Computing. Intellectual Property relates to intangible creative work that is protected for the creator's use under the law as a patent, copyright, trademark, or trade secret. There are four types of protection in intellectual property Copyright, Patent, Trademark and Trade Secret.
Presentation Slides from InfoLab21 and the Intellectual Property Office's event: "Intellectual Property: Value Creation" at Lancaster House Hotel on 14th February 2012.
IP rights are an important class of intangible assets that can be assigned or licensed to generate revenue. Indeed, some companies do not make or sell products; their entire revenue is derived from the licensing of their patents. Suffice it to say, licensing revenue has become a significant source of value in the global intellectual property economy. This webinar will help you better understand the complex legal issues associated with IP transactions.
To listen to this webinar on-demand, go to: https://www.financialpoise.com/financial-poise-webinars/buying-selling-ip-2020/
This presentation was given at the American Bankruptcy Institute Annual Spring Meeting on April 26, 2014. We address pre-petition and post-petition issues where intellectual property assets are owned or licensed by the debtor.
Presentation originally given to business advisors on 11 Oct 2008. Starting with a case study of three young entrepreneurs, the presentaiton considers how each of them can be assisted. It then deals with the sources of IP, the available assistance including inventors\' groups and clinics and the services avfailable form professional advisors.
Presentation given to the Chicago Lean Startup Circle on Dec. 1, 2011.
In a lean startup, getting product-to-market-fit is everything. Along the way, consider core IP issues to make sure your startup owns all of the value that you are adding. You can also have lean IP, just make sure you fully understand the implication of bootstrapping.
As always, consult with a lawyer if you have questions or concerns.
Third Party software product licenses and services resold by VMware are provided by the manufacturer under its own end user license agreement and services terms.
Download at: https://templateshunter.com/business-operations/end-user-license-agreement-style-17.html
Intellectual Property is a Part of Social and Professional Issues in Computing. Intellectual Property relates to intangible creative work that is protected for the creator's use under the law as a patent, copyright, trademark, or trade secret. There are four types of protection in intellectual property Copyright, Patent, Trademark and Trade Secret.
The Intersection of IP & Bankruptcy (Series: Chapter 11 Potpourri)Financial Poise
Intellectual property generally includes patent rights, copyright rights, trademark and servicemark rights, and trade secrets. The foundation of intellectual property law is the protection of exclusive rights afforded to original works and invention. These rights can be significantly impacted by bankruptcy proceedings. This webinar examines some of these key issues including the perfection of security interests in intellectual property, the protection of certain intellectual property licenses and lack of protection for other types of intellectual property, the relief available to licensors, as well as special issues regarding assignment of licenses in bankruptcy proceedings.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/the-intersection-of-ip-bankruptcy-2021/
Private Limited Company vs Limited Liability Partnership (LLP) vs One Person ...vakilsearch_tutorial
It should take no longer than 5 minutes to choose between the available legal structures for your business. Your options are the Private Limited Company, Limited Liability Partnership (LLP), One-Person Company (OPC), General Partnership and Sole Proprietorship. But the general approach to this decision is so academic, entrepreneurs end up wasting their time. There’s no need to educate yourself on the minute differences between say, a Private Limited Company and an LLP. This is because, with only a few exceptions, every business will be suited to just one legal structure. So let's find out which one is right for you.
2. Patent licensing is considered one of the most viable means of
commercializing a patent. In short, a patent holder seeking to license
his patent will not exploit it himself. That is, he will not try to
create, market, and sell anything based on the patent. Instead, he will
market the patent itself to those who do wish to take those steps. Any
variation of this is known as “licensing a patent.” However, it is best to
know some facts about licensing patents before one rushes to do so, or
assumes that licensing is a “set it and forget it” means of cashing in on
their intellectual property.
3. Legally speaking, you have licensed your patent when you (the licensor) grant exploitation
rights over your patent to a licensee (the person you are licensing it to.) “Exploitation
rights” simply means the right to create, market, and/or sell something based on what that
patent protects.
A license of this nature is also a legal contract, and that contract is what will spell out in
concrete terms precisely which exploitation rights are being granted. These include any
performance obligations the licensor might demand of the licensee. This means that if any
performance obligations are included in the contract (ie, “You must produce X number of
sales by the year X.”), and they are not met, this could lead to the patent licensing being
terminated in its entirety. In this context, a license is also revocable – ie, cancellable – if
certain terms and conditions are not met. This is a common characteristic of legal contracts
in general, with special ramifications for patent licenses.
4. The only way to grant someone irrevocable exploitation
rights, it should be added, is to assign them the patent.
Assignments, however, are permanent. They entail the sale
or outright transfer of the patent by the assignor to the
assignee. An in-depth exploration of patent assignments is
beyond the scope of this article, but just know that they are
an option if irrevocable exploitation rights are something
you seek.)
5. Now that you know what patent licensing is and what it involves, we can
move on to a discussion of how to capitalize on them financially. The
primary means of doing this is to seek royalties from the licensee in
exchange for using your patent. Royalties, typically, are paid over the life
of the patent. The amount and frequency with which royalties are paid
from licensee to licensor must also be spelled out in the license
agreement. In this way, the licensor is protected. If the licensee fails to pay
the royalties that were agreed to, the licensor can revoke the patent
license and retain sole exploitation rights over it.
6. 1. The first kind is pre-market entry milestones. In short, these are
obligations that the licensee is expected to achieve or meet.
They could include things like bringing the invention under a
trial or validation process, creating a working
prototype, satisfying pertinent regulations, progressing through
any clinical trials that exist, and so forth. These performance
obligations ensure that things move along at a steady pace
without any income-killing lag in activity. It prevents the
licensee from become inactive as a rights holder.
7. 2. The second kind of performance obligations are post-
market entry sales targets. These take effect once the
invention is out of the development stage and available for
sale on the market. Very simply, such obligations include
sales targets, profit margins, or any other measurable goal
tied to the performance of the idea in the free marketplace.
These obligations give the licensee concrete goals that he
must attain and give the licensor a bare minimum of
royalties that he can expect to reap.