In addition to the outright sale of an invention or technology, licensing and royalty agreements can be lucrative ways to monetize intellectual property, creating income streams lasting over many years. The licensee may be a large corporation, a start-up company or a university. The subject of the license agreement may be proprietary software, a chemical compound, artwork or recordings, a marketing brand identity, or rights in any other form of intellectual property. The style of terms and conditions necessary to make the royalty arrangement or license effective can thus vary greatly.
Whether you are granting or receiving the license or royalty, experienced Richardson Sixth legal counsel is essential to an enforceable and profitable arrangement.