Licensing of intellectual property authorizes others to use the intellectual property in a manner agreed to by the intellectual property owner. Licensing enables the intellectual property owner to more thoroughly and effectively utilize the rights associated with that intellectual property. Greater utilization of the intellectual property increases the return on the investment placed by the owner in that intellectual property.
Examples of licensing arrangements include patent licenses, trademark licenses, manufacturing agreements, product development agreements, distribution agreements, and private labeling agreements. Licensing finds particular value in situations involving a licensee who has a unique capacity or capability not possessed by the intellectual property owner.
Haugen Law Firm PLLP has significant experience in counseling clients on intellectual property licensing matters. Haugen Law Firm attorneys have drafted, reviewed, and negotiated intellectual property license agreements covering a wide array of issues and technologies.