Licensing agreements are often used to help small entrepreneurs convey their product or concept to consumers. This document is easy to create and helps you protect your interests. Without this agreement, the owner of valuable intellectual property would not be able to make money with that IP or control how the IP is used around the world. And individuals and companies that need some intellectual property to grow their businesses or make a living may not have access to it. Your intellectual property or invention loses its value if everyone has access to it. To protect your property, ask the other party to agree to a confidentiality clause. It is in your best interest to protect the licensed property. Sometimes this type of agreement is also called a confidentiality agreement. To facilitate the licensing process, you can use the service of a licensed company or agent. A licensing specialist helps: each license agreement is unique and these agreements vary according to their nature (copyright, trademark, patent, etc.). Generally speaking, you will find these sections in most license agreements: Purpose.

Detailed description of the product, service or trade secret that is allowed. This part may contain patent, copyright or trademark numbers. Perform your due diligence before the agreement. Both parties should conduct a thorough review of the other party. Check trade credits and management resumes. Ask for financial statements. Visit the offices and production sites of the other company. Everything you need. Your license agreement can only contain one or a combination of these payment methods. License.

The license itself is described, with details on the time limits (one year?), the scope (United States, worldwide?) of the license, and the assertion of exclusivity. Details on what the licensee can do with the license (produce, sell, sublicense, distribute and export products with it, etc.). 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. Subsidiary license. The licensee may be granted the right to authorize another person to manufacture or sell his products. This depends on the specific terms of the license agreement.

Harvard also offers option agreements for companies considering licensing a Harvard technology. .