LICENSING OF YOUR IP

If you are the registered owner of any intellectual property, and you have parties wanting to use that IP, you can formalise a licensing agreement with those parties. Or, if you believe many people will wish to use your IP, you can provide an online agreement for those people so that they can be licensed to use your IP. 

You may choose to simply use the license as a way to control the use of your registered IP and provide a free license that allows other to use your IP and not have to pay you for it. Alternatively, you can charge a once off licensing fee, or you can charge an ongoing fee for continued use of your registered IP.

Royalties are normally based on a percentage of sales. For example, 5% of the sales the licensee makes from products/services using your IP will be paid to you. You can select that this be a monthly, quarterly or annual payment.

This, is up to you.

Or, you could select to charge a flat fee per month, quarter or year instead.

If your agreement is an exclusive license, where only one party will be using your IP, the frequency and percentage of the payments are often negotiated between the two parties.

In a general, Internet available agreement, you would include in the agreement the exact amount you wish to receive, either up front or on a continual basis. If you have a widely wanted/desired product or name, then logic dictates that a lot of people will be looking at your license agreement. It is often less complicated to charge a flat rate, rather than receive royalty payments whose amounts can widely vary when based on a percentage of sales.

As there is a reasonable amount of information required for us to draft an appropriate, and protective agreement for you, please email us now so that we may investigate the best options in licensing for you.  Or, if you have any general questions – don’t hesitate to ask. Initial consultation is FREE of consultation and cost.