License your Patent

A licence is a contract whereby the owner of the patent gives permission to a licensee to use that patent. Choosing to license your patent to another party can be a very effective way to exploit your patent, particularly if you do not have the resources or experience to develop and market your product or service.

A licensing arrangement is a common method of commercially exploiting all forms of intellectual property (IP), not just patents. Trademarks, registered designs, copyright material and any associated knowhow can all be licensed. Deciding to license your patent gives the licensee the right to use (but not own) the IP. The owner of the patent will usually receive payments in the form of royalties. Royalties are typically paid over the tenure of the patent, such as the maximum 20 year term.

The decision to license your patent(s) may extend to all aspects of commercialisation, from developing it in respect of the manufacturing processes, to mass manufacturing products and marketing, promoting and selling those products.

Should you license your patent exclusively or non-exclusively?

Should you license your patent with manufacturing control?

Should you license your patent overseas?

Should you license your patent on a per unit royalty basis

License your Patent

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Important Disclaimer: The information on this website is not legal or professional advice. The information may:

  1. not be correct;
  2. only relate to the law or practice in a given country; and/or
  3. be outdated.

For more information, please contact the Site Administrator: Baxter IP.