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Intellectual Property License Agreement

This type of Agreement allows an owner of intellectual property, to grant to another person or entity (referred to as the "licensee") the right to use certain intellectual property, and sets out the rights associated with that use.

ip rights assignment agreement
Intellectual property can be licenced to others to allow the intellectual property to be marketed effectively and commercially exploited. Therefore it is vital you have an effective written agreement in place so all people involved know their rights and responsibilities.

This is not to be confused with an Assignment of Intellectual Property Rights Agreement which is the complete and exclusive transfer of ownership of the intellectual property.

Types of intellectual property

Intellectual property is any original and valuable property created by someone's creativity, thought, mind or intellect. There are various categories of intellectual property:-

Types of licence

Intellectual property can be licenced to others to allow the intellectual property to be marketed effectively and commercially exploited.

Types of licence include:-

Licence fee

The cost of the right to use the intellectual property may be, for example:-