Protecting Your Intellectual Property with Licensing Agreements
A well-crafted licensing agreement is the bread and butter of many companies. The advantages of licensing a product are many. A business can:
- Control who uses the product and how they use it.
- Limit the license on a software product to one user, requiring the payment of a licensing fee on the transfer of the product.
- Limit where and how a product is used. For example, a license on the logo of a professional sports team may limit the type of product on which the logo may appear.
Licensing agreements are particularly important to clients in the manufacturing, computer software and home theater industries, and thefashion industry.
At Hankin Patent Law, our intellectual property attorneys have vast experience crafting licensing agreements that protect companies’ intellectual property while optimizing revenue. Clients throughout California, across the United States, and around the world use our services because our lawyers are knowledgeable and experienced in all areas 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 fortrademark rights and franchises for our client. The termination clauses included in the license were so favorable to our licensor-client that, when the licensee breached the licensing agreement, they ended up having to buy out our client on very favorable terms.
If you would like more control over who uses your product and how it is used, or if need to obtain rights to use under someone else’s intellectual property ownership rights, contact Hankin Patent Law to conduct a complimentary initial consultation.