Licensing Agreements and Technology Transfers
In today’s global business environment, your brand name can be a very valuable item indeed. In fact, a well curated brand may be valuable enough to draw the attention of interested parties, in particular those who are willing to invest in your brand for a mutual benefit.
Like most assets, intellectual property can prove to be worthless if not positioned correctly in the marketplace. One common avenue of monetizing intellectual property is through licensing agreements. However, the specifics of those licenses can depend on a number of market factors and client objectives. Mr. Hiller’s extensive knowledge in intellectual property law and experience in drafting and negotiating licensing agreements can help you develop an appropriate product licensing agreement that can address all of the issues involved with protecting your intellectual property rights and minimizing future business or legal problems.
What are Licensing Agreements?
In order to understand the potential of a licensing agreement, one must understand the moving parts behind such an agreement. Licensing agreements can be very complex documents, covering a number of uses and containing many stipulations. At its core, a licensing agreement is a written contract between two parties, in which an intellectual property owner permits another party to use said property under a specific set of parameters. This can include a name, a trademark, patent, and/or a copyright. Given the myriad ways licensing agreements can impact intellectual property, it is important to have an experienced partner at your side.
How Can The Law Office of Zachary Hiller Help My Business?
Mr. Hiller can guide you through the sometimes perilous process of protecting your brand by negotiating some common concerns, including (but not limited to):
-
Contract Length
-
Exclusivity
-
Minimum Sales Requirements
-
Oversight
-
Renewal Rules
-
Quality Control
-
Inventory Issues
-
Royalty Rates
-
Sub-licensing Terms
These are just some of the considerations that must be determined when negotiating a smart licensing agreement.
