You’ve spent time and money on developing the next best thing to sliced bread, and your idea has finally developed and manifested into a valuable asset. Mazal Tov!
There are many ways to commercialize your intellectual property – one of which is to license it out to others to use. Because your intellectual property is valuable and has potential to earn you passive income going forward, you need to ensure that your license agreement is rock-solid and says exactly what you want it to, without being unnecessarily onerous or rigid.
Our Intellectual Property Licence Agreement contains all salient and vital clauses and protections for you to safely and reliably licence-out your IP to third-parties. To make things easier, we’ll also defer all IP-specific nitty-gritty details to annexures in order to keep amendments to this Agreement as easy as possible for any additional licensees with which you engage.
We will provide you with the following:
- A telephone or personal meeting where we run you through a discussion on your License Agreement to decide the terms of the license.
- We draft the License Agreement, tailored to suit your needs.
- You review the agreement and send your comments back to us for feedback.
- We finalise the draft, ready for signature.