An IP licensing agreement occurs between an IP rights owner (“licensor”) and someone who is authorised to use the rights (“licensee”) in exchange for monetary value in the form of a fee or a royalty.
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An IP licensing agreement occurs between an IP rights owner (“licensor”) and someone who is authorised to use the rights (“licensee”) in exchange for monetary value in the form of a fee or a royalty. The two parties agree on the terms and conditions via negotiation, with the outcome dependent upon the bargaining power of each side. The licensor is always the owner of the licensed IP, and one licence can cover patent and design rights, related know-how and a trade mark. The agreement between the two parties can allow the licensor to tap into the licensee’s productive capacity and relevant local expertise, thus increasing the licensor’s overall knowledge.
Use this IP Licence Agreement if:
- any owner or creator of intellectual property wishes to commercialise their IP rights, including artists, writers, designers, researchers, inventors and others.
What does the IP Licence Agreement cover?
- More than 10 different defined IP types including patents, copyright and trade marks and others
- Flexible licence fee options including lump sum payments, ongoing fixed fees and royalties
- Ability to choose exclusive, sole and non-exclusive scope
- Options to further limit the scope of the licence to particular geographic locations and/or certain activities or industries
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