Intellectual Property Rights And Licensing
By Advocate Atit Jain / 2016-08-11
A license may be granted by a party, licensor to another party, licensee as an element of an agreement between those parties. 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 inkind 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.

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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:

  1. 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.
  2. ?????? Sole license: Only the IP owner and licensee can use the IP.
  3. ?????? Non-exclusive license : The IP owner may use and license to more than one licensee.
A license may be granted by a party, licensor to another party, licensee as an element of an agreement between those parties. 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 inkind 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.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


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