Licensing Agreement
Secured Licensing Agreement
We provide solutions to protect your rights, negotiate favorable terms, and ensure your licensing agreements are legally sound. Our experienced IP consultants will guide you through the process, safeguarding your valuable assets and maximizing your revenue.
From drafting and negotiating agreements to managing royalty payments, we offer tailored solutions to protect your valuable assets and maximize your revenue potential.
What is the main purpose of a licensing agreement, and what are its key components?
A contractual arrangement in which the owner of intellectual property rights, such as patents, trademarks, or copyrights, permits another party to use, produce, or sell their intellectual property under specified terms and conditions.
This agreement outlines the scope of the license, including the duration, geographic area, and any financial arrangements, such as royalties or lump-sum payments. The purpose of a licensing agreement is to allow the licensee to benefit from the intellectual property while ensuring that the licensor retains control over its use and receives compensation for its value.
This legal framework helps facilitate collaboration and commercialization while protecting the rights and interests of both parties involved.
Different types of Licensing Agreements
- Exclusive licenses: Granting exclusive rights to a licensee to use the intellectual property in a specific territory or field.
- Non-exclusive licenses: Allowing multiple licensees to use the intellectual property.
- Limited licenses: Restricting the licensee’s use of the intellectual property to specific purposes or territories.
The Important terms and clauses to consider in a Licensing Agreement
Key terms and clauses to include in a licensing agreement typically include:
- Grant of rights: Clearly defining the scope of the license and the rights granted to the licensee.
- Royalty payments: Specifying the royalty rates and payment terms.
- Territory: Determining the geographic areas where the licensee can use the intellectual property.
- Duration: Establishing the term of the license agreement.
- Termination provisions: Outlining the circumstances under which either party can terminate the agreement.
- Confidentiality: Ensuring the protection of confidential information.
- Indemnity: Allocating liability for infringements or claims arising from the license.
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We are committed to delivering strategic IP solutions tailored to your unique business needs. If you wish to meet with us in person, please contact our office.
- +603-6092 2754
- enquiry@ipxpert.com.my
- 43A Jalan Bayu Permai 5, Taman Bayu Permai, 48000 Rawang, Selangor, Malaysia.
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Need Assistance ?
We are committed to delivering strategic IP solutions tailored to your unique business needs. If you wish to meet with us in person, please contact our office.
- +603-6092 2754
- enquiry@ipxpert.com.my
- 43A Jalan Bayu Permai 5, Taman Bayu Permai, 48000 Rawang, Selangor, Malaysia.
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