In developing and protecting your intellectual property (IP), you will have to be careful with contracts. Contracts and IP go hand in hand. The risk areas are contracts e.g. with employees and contractors, development agreements, web design agreements, agreements to license your product or IP to another company (licenses-out), agreements to license a product or IP from another company (licenses in), distribution agreements, domain name and trademark license agreements, and patent licenses, cross licenses and pools.
Whenever you are using employees, contractors, consultants, or other companies to develop your IP (e.g. a contractor writing software), it is essential that there be a contract with that person or entity before work is started.
The greatest economic value of IP comes from its use in licensing.
A licensing agreement is a written legal contract under which the licensor, who is the owner of a copyright, know how, patent, servicemark, trademark, or other intellectual property, allows a licensee to use, make, or sell copies of the original. Such agreements usually limit the scope or field of the licensee, and specify whether the license is exclusive or non-exclusive, and whether the licensee will pay royalties or some other consideration in exchange.
Our services include, but are not limited to the following activities:
- Negotiating and drafting of IP contracts and agreements
- Licensing agreements
- Privacy policies
- Legal consulting.
Please contact us for additional information.