License Agreements

License agreements are designed to grant either exclusive or non-exclusive rights to use a patent or trademark (intellectual property). In exchange for this right, the agreement ensures that the owner of the patent or trademark owner (the Licensor) receives royalties for the use of this intellectual property. 

Having a qualified lawyer to oversee the license agreement process is important for many reasons. First of all, they protect the rights and best interests of the Licensor or Licensee. Additionally, they help define the agreement’s details – ensuring clarity on whether the license is exclusive or non-exclusive while outlining its limitations of use.

When approaching a license agreement, it is essential that the terms and conditions fit the specific needs of both parties. This can cover vital information such as royalties, duration, territory, and renewal terms. Given the fact that licensing agreements are governed by complex intellectual property laws, adept legal counsel will make certain that everything is in compliance with relevant laws, such as antitrust regulations, tax considerations, and international IP law.

With more than three decades of experience, Stanzione & Associates, PLLC provides our clients with services to help persuade potential Licensees to engage in a licensing agreement. After the other party has decided to enter into a licensing agreement, we negotiate an agreement that is satisfactory to both the Licensor and the Licensee.

All along the way, we help identify and mitigate legal risks that may arise, such as IP infringement claims or disputes over royalty payments. Countless professionals have achieved success working alongside our skilled licensing lawyers – and we’re prepared to offer you the same support.

How Do License Agreements Benefit You?

License agreements offer several advantages to the Licensor (the owner of the intellectual property). First and foremost, they pave the way for a revenue stream through licensing fees and royalties. This enables the Licensor to monetize their patent, trademark, or other intellectual property without manufacturing or marketing a product directly. In addition to this, by granting rights to the Licensee, the Licensor may expand into new markets or industries, and in many cases on a larger scale than they could manage on their own.

Additional benefits to the Licensor include:

• Patents: Gross sales of the Licensor’s patented invention to other businesses which have the capacity to make and/or sell it.
• Trademarks: Utilizing the Licensee’s distribution network to quickly enter into new geographical regions and foreign markets. This can make it easier to introduce the Licensor’s product into other regions or countries and eliminate the need for them to invest or come up with new capital since the Licensee will be the one to invest for the trademarks.

By fostering business relationships and partnerships, a license agreement can open the door for many collaboration and joint venture opportunities. Moreover, it can protect the Licensor’s intellectual property by enforcing usage restrictions, limiting competition, and ensuring the IP is used in ways that align with the Licensor’s brand and business ambitions.

Want To Maximize Your IP Value While Retaining Ownership?

Stanzione & Associates PLLC ensures your license agreement aligns with your unique vision.

With offices in Arlington, VA and New York, NY, our firm is pleased to provide our comprehensive legal services to clients across the United States. Whatever your goals may be, our licensing agreement lawyers will stop at nothing to protect your rights and enhance your vision. Don’t navigate the complexities of licensing agreements alone – hire an attorney who can help you make educated decisions about your future.

If you are seeking a licensing process lawyer who will put your best interests first, look no further than Stanzione & Associates PLLC. To get started with a proactive legal plan, an initial consultation is your next step. Contact us here or call (202) 349-1124 to schedule yours today!