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Licensing Intellectual Property Rights

  • Ryan W. O’Donnell
  • John J. O’Malley
  • Randolph J. Huis
  • Gerald B. HaltJr
Chapter

Licensing intellectual property can be used to learn and use other’s technology, allow others to access technology, and create a revenue stream. For example, a food technology company may need to license proprietary manufacturing equipment from others. Conversely, a company may consider licensing its product along with a name and marketing campaign to a third party to create a larger food distribution network and generate revenue from a larger market. Finally, IP rights can be licensed or, in some cases, cross-licensed to resolve litigation.

What Is an Intellectual Property License?

An intellectual property (IP) license is a contract between two parties allowing the licensee to use at least a portion of the licensor’s intellectual property in exchange for some consideration. Some examples of what the licensor receives are: a lump sum, multiple payments, royalty stream, goods, services, a cross-license to the licensee’s IP, or combinations thereof. License payments may be tied to the...

Keywords

Intellectual Property License Agreement Trade Secret Royalty Rate Royalty Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Ryan W. O’Donnell
    • 1
  • John J. O’Malley
    • 1
  • Randolph J. Huis
    • 1
  • Gerald B. HaltJr
    • 1
  1. 1.Volpe and Koenig, P.CPhiladelphiaUSA

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