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All forms of Intellectual Property are licensable. The permissible details of such licenses vary depending on at least the nature of the intellectual property. Most licenses involve arms length negotiations where each party has a business objective. The drafter of a license agreement has the opportunity to exercise substantial creativity in the crafting of terms that accommodate the business objectives of all signatories. The terms of a license should be shaped to arrive at an agreement that is acceptable to all signatories, and takes full advantage of the unique characteristics of the licensed Intellectual Property. The drafting of such a license requires an understanding of the licensed intellectual property, the legal framework that defines the legal boundaries of the license, and the business objectives of all signatories.
Belasco Jacobs & Townsley, LLP counsels clients in matters related to licensing of all types of intellectual property – from patents and trademarks to copyrights and domain names. |
