Licensing Intellectual Property, Selling Patents and Services
I counsel and assist businesses in developing a licensing program that maximizes profit potential from licensees with minimal risks to the intellectual property. I draft conforming license agreements and assist in negotiating with and securing licensees. I counsel and assist businesses in developing a licensing program and securing licensees. From many years of "real world" experience I have acquired expertise to:
- Assist in determining if licensing is an appropriate method to meet client's goals
- Identify potential licensees of client's intellectual property
- Assist in establishing valuation
- Determine and explain appropriate program options
- Create documentation that protects the client's intellectual property
- Review all business and legal documentation for conformity to the licensing program
- Assist in creating a marketing program
- Negotiate and secure licenses
Licensing Patents
Basic elements include:
- Granting specified rights to manufacture, use and sell products falling under the scope of the patents
- Using the patents only as to products, markets and territories specified by licensor
- Paying royalties to licensor in amounts and at times specified in the license agreement or lose the intelligent property
- Actively promoting the invention or licensee's rights are terminated
- Protecting against any claims by third parties resulting from the use of the patents
- Mandating record keeping which the licensor may review
