Intellectual property rights give the owner of a patent, trademark or copyright the exclusive right to use or sell the intellectual property.
In licensing, an owner of intellectual property rights (the licensor) contracts with a potential user of the idea (the licensee) for the licensee to use the property under the terms of a license agreement. The licensor can profit from the licenseeís resources and the licensee can profit from the licensorís idea. The license is a contract that defines the rights and obligations of each party involved. The licensee does not obtain ownership of the intellectual property, but obtains a limited right to use it as specified in the license agreement.
A license agreement is complicated due to monetary, legal and technical planning, as well as the negotiation required to satisfy the needs of both the licensee and licensor.
At Howard Cohn & Associates we recognize and appreciate the important business perspectives essential to evaluating intellectual property opportunities, both domestically and internationally. We work closely with our clients to negotiate and draft licensing agreements that protect our clients from undue risks, while always keeping the economic realities of licensing in mind. We have the expertise and have extraordinary success in pleasing all parties involved in a license agreement.
OUR LICENSING SERVICES INCLUDE:
- Licensing contract preparation
- Licensing contract review
- Negotiations
- Royalty investigations
- Licensing termination and renegotiation counseling
- Licensing due diligence reports
- Licensing strategic planning
