Intellectual Property Rights And Licensing
Published on 11 Aug 2016 by Team
Intellectual property rights may be licensed to other parties. A license is a permission to do something that, without the license, would be an infringement of Intellectual Property.Obtaining a license to use someone else’s IP will be necessary if you want to use that IP without infringing their rights.
A license may be granted by a party ("licensor") to another party ("licensee") as an element of an agreement between those parties. You can talk to the best IPR lawyers in India to know about IPR Licensing in India.
IP may be “licensed-out” or “licensed-in”. For example, you may “license-out” to another company or organization in return for a reward, financial or other “in-kind” benefits or a combination of both. You may wish to “license-in” if you want to use another company’s IP to develop your own business and products.
Types of IP licenses:
- Exclusive license: Only the person who is granted a license, the licensee, can use the IP. The licensor is not entitled to use the IP.
- ??????Sole license: Only the IP owner and licensee can use the IP.
- ??????Non-exclusive license: The IP owner may use and license to more than one licensee.
Benefits of IPR Licensing
- Sharing Risk: Where a licensor licenses the right to manufacture and sell products, the licensor receives revenues from that licensing but does not take the risk of manufacturing, promoting and selling those products. On the other hand, the licensee has the right to use the IP without the expense and risk of the research and the costs of developing the product.
- Revenue Generation: An owner of IP may commercialize the IP itself and may obtain additional income by licensing the IP to someone else to commercialize it in a different field.
- Increasing Market Penetration: An owner of IP may license another business to sell in territories that the owner cannot cover.
- Reducing Costs: A business may ‘buy-in’ innovation to reduce its research and development costs.
- Saving Time: A business may get its products or services to market more quickly by acquiring a license to use existing IP, instead of re-inventing the wheel (sometimes referred to as an “engineering workaround”).
- Accessing Expertise: By taking a license, a business may tap into expertise that it does not have in-house.
- Obtaining Competitive Advantage: By acquiring a license to use IP, a business may obtain an advantage over its competitors.
- Collaboration: Businesses may want to work together to develop new products and services.
Legistify connects you with the best lawyers in India and top Chartered Accountants in India with simple telephonic conversation or email. Call us at 846-883-3013 or send us an email at [email protected] to get started.
Related Blogs
Browse through other related Blogs posts here
Top Legal Queries
Get answers from the best experts within minutes!
Most Consulted Advocates
Choose from our most consulted lawyers across India and get instant legal advice.
Advocate Pranav Thakkar
- Nirman Complex, Ahmedabad
- 9+ Years Of Experience
- User Rating 4.5
Advocate Pranav Thakkar has been practicing judiciously and serving the legal fraternity in Gujarat High Court, Income Tax Appellate Tribunal (ITAT), Ahmedabad since 2010. He is professionally dealing with cases pertaining to civil, criminal and corporate matters with specialization in income tax, trademarks and corporate law. Advocate Pranav Thakkar has been practicing and providing services by maintaining absolute professional approach in each and every case. He is consistent and precise in identifying strength and weakness of the matter. His analytical, logical and client-friendly approach makes him a well-founded advocate for assistance.
Read More
Advocate Suhasini S
- 'E' Block, Bengaluru
- 6+ Years Of Experience
- User Rating 4.5
Advocate Suhasini S practices at City Civil Court Bangalore, Intellectual Property Appellate Board (IPAB) Delhi, and Karnataka High Court. She enrolled with the Bar Council of Karnataka in 2013. She completed her Masters (L.L.M) from the National Law Institute University, Bhopal. Her practice areas are Civil Laws, Corporate Laws, Intellectual Property Rights (IPR), Legal Agreement Drafting, Start-ups. She also provides advice on various general legal issues. She has an extensive experience in patent litigation, patent prosecution, patent licensing, due diligence, trademark filing, prosecution and opinion work. She has experience of 4+ years in the legal profession and providing services. She provides services in fair and transparent manner with result oriented approach. She is very supportive and friendly to her clients both professionally and ethically. She is consistent and precise in identifying strength and weakness of the matter.
Read More
Advocate Sunil Agarkar
- Atladara, Vadodara
- 17+ Years Of Experience
- User Rating 0.0
Advocate Sunil Agarkar has completed his graduation in Law from Gujarat and has been practicing judiciously and serving the legal fraternity in Gujarat High Court for more than 15 years. He is professionally dealing with the cases in the field of law pertaining to Criminal Laws and Civil laws which includes, Labor Laws, Industrial Laws, Employment Laws, IT and Cyber Laws, Intellectual Property Laws, Arbitration, Family law, Consumer cases, Divorce related matters, Corporate matters and drafting and vetting of various agreements and documents. Advocate Sunil Agarkar is a respected advocate in Vadodara and has enriched with the implementation of latest case study and research. He has been practicing and handling cases independently with a result oriented approach and he believes that a proper legal advice to a client and litigant can be given after considering the entire matter. His approach to all his clients is in providing practical and legal solutions to all their cases.
Read MoreTop Consulted Advocates
Choose from our most consulted lawyers across India and get instant legal advice.
Advocate Pranav Thakkar
- Ahmedabad
- 9+ Years Of Experience
- User Rating 4.5
Advocate Suhasini S
- Bengaluru
- 6+ Years Of Experience
- User Rating 4.5
Advocate Sunil Agarkar
- Vadodara
- 17+ Years Of Experience
- User Rating 0.0
Advocate Priyanka singh
- Delhi
- 13+ Years Of Experience
- User Rating 4.5
Advocate Manish Shah
- Ahmedabad
- 11+ Years Of Experience
- User Rating 0.0
Advocate Sumit Chand Chaudhary
- Gurgaon
- 14+ Years Of Experience
- User Rating 0.0
Advocate Praveen Mahajan
- Delhi
- 20+ Years Of Experience
- User Rating 0.0
Advocate Ragini Anand
- Delhi
- 3+ Years Of Experience
- User Rating 0.0
Advocate Gaurav Pandya
- Jamnagar
- 12+ Years Of Experience
- User Rating 0.0
