Technology Licensing/Assignment

The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions.

Types of Licensing:

–       Exclusive License

–       Non-exclusive License

–       Sole License

–       Cross Licenses

–       Assignment (selling out your IP rights)

 

Fee Charge for Licensing Activities:

–       Licensing fee

–       Royalty

–       Other benefits (e.g. access to resources and facilities of the organization that has license to commercialize the R&D intellectual property)

 

Requirements/Process

 

–       Letter of intent from the third party

–       If the third party is a company, form 24 and 49 are required.

–       Negotiation on types of license, royalty and ownership of IP (as related matter in 4.1)

–       A simple business plan/blue print of the business