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Licensing AgreementsProtecting Your Intellectual Property Through Licensing A well-crafted licensing agreement is the bread and butter of many companies. The advantages of licensing a product are many. By licensing a product, a business can control who uses the product and how they use it. A business may limit the license on a software product to one user, requiring the payment of a licensing fee on the transfer of the product. A business may also limit, by licensing, where and how a product is used. For example, a license on a logo (example: professional sports team logos) may limit the type of product on which the logo may appear. At Hankin Patent Law, we have vast experience in creating well-crafted licensing agreements that protect companies’ Intellectual Property and create optimized revenue. Licensing agreements are of particular importance to clients in the manufacturing, computer software, fashion, and home theater industries—but also have ramifications in a wide number of industries worldwide. We are knowledgeable and experienced in all types of Intellectual Property and technology licensing, including the use of “shrink-wrap” and “click-wrap” licenses. We have drafted and negotiated numerous OEM licenses, patent licenses, trademark licenses, and the like. Hankin Patent Law often finds creative ways to leverage licensing agreements for our clients. In one successful case, we negotiated a multi-country license for trademark rights and franchises for our client. The termination clauses we insisted be included were so favorable to our licensor-client that, when the other party (licensee) breached the licensing agreement, they ended up having to buy out our client (on terms very favorable to our client). If you would like more control over who uses your product and how it is used, or if you find yourself needing to obtain rights under someone else’s Intellectual Property rights, contact Hankin Patent Law for additional information on licensing agreements.
HANKIN PATENT LAW, A PROFESSIONAL CORPORATION
6404 Wilshire Boulevard, Suite 1020
Phone: 800-201-6670
Fax: 323-944-0209 |
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