Royalties can be paid in several ways, both based on the sale of the property (e.g. B copyright): there are certainly advantages in licensing your company`s assets, but make sure that you take these factors into account when entering into a licensing agreement: in addition, a company might want to expand and diversify by expanding its product range to add excess production or marketing capacity u. Compensate for seasonal ups and downs or simply contribute to profitability with a proven product. Companies may not have the in-house skills, time, or money to develop their own new products, so it can be very attractive to get a proven product quickly through licensing. Your submission should be sent to the same sources as previously mentioned in this manual (see the title above search for sources) and you would require that you make available the names and addresses of likely licensees. Licensing often includes intellectual property rights such as trademarks, copyrights or patents. Digital assets like apps and brands are often licensed. Start and end of the agreement. Describe when the agreement will be effective and when it will end. Describe the possibility of renegotiating and continuing the agreement at the end of the period.
Indicate the circumstances in which the agreement could end before the expiry of the term. What will happen to the ownership of the product in the end (normally it is transferred back to the owner)? Exclusivity and territory. The licensee has the exclusive right to manufacture and sell the product in a given territory. Licensor undertakes not to allow anyone to sell the product in that region. This part of the agreement is usually accompanied by a duration. Since the transfer of knowledge between the parent company and the licensee is very present in this type of entry, the decision to enter into an international licensing agreement depends on the respect shown by the host Government for intellectual property and the ability of the licensor to choose the right partners and prevent them from competing in each other`s market. Licensing is a relatively flexible employment contract, which can be tailored to the needs and interests of both the licensor and the licensee. Here are the main advantages and reasons for using an international license for international expansion: each license agreement is unique and these agreements vary depending on the type (copyright, trademark, patent, etc.). Generally speaking, you will find these sections in most license agreements: trademark licenses include the right to use the trademark of certain items and in a certain way. An international licensing agreement allows foreign companies to manufacture, either exclusively or not exclusively, the product of an incumbent in a given market for a certain period of time. It would also be important to ask if they have granted a license to other people and, if so, ask them to indicate the names, addresses, etc.
and permission to contact. As a licensor, you are expected to present the legal agreement that ensures that both parties are fully aware of their respective rights and obligations, beyond the mere setting of royalties. . . .