Commercialisation of intellectual property rights by licensing
Our team of intellectual property solicitors can support you with:
- Advice on intellectual property licensing that ties in with your broader business strategy
- Defining parameters of the relevant IP and help to identify who owns it
- Drafting documents in relation to licensing of intellectual property rights, from simple assignments and licences to complex joint development agreements
- Fee structure set out in the licence
- Licensing out intellectual property to third parties generating a new revenue stream
- Licensing in permitting you the use of third-party intellectual property that would not otherwise be available to you, saving time and money on research and development
- IP asset purchases as well as joint research and development projects and mergers and acquisitions
- Negotiations such as royalty structures
- IP dispute resolution
- Intra-group licensing helping you avoid unregulated sharing of intellectual property
- Cross-border licensing and advice on how intellectual property licence agreements should be interpreted in that jurisdiction
- Establishing a franchising network transferring ownership of intellectual property by way of assignment
- Registration at the UK Intellectual Property Office or the EU Patent Office affording you certain protections
Essentials of licensing intellectual property
Getting the right legal support with intellectual property and licensing means that you will avoid common pitfalls and get the essentials right, first time.
Working with you to understand your business needs, we will help you answer the following questions when drafting an intellectual property licence agreement to ensure long-term commercial benefit:
- Has the description of the intellectual property been clearly defined?
- Has ownership of the IP been clearly established and is the licensor confident that they have the right to license the IP?
- What will the duration of the licence be?
- What type of licence will be granted – exclusive, non-exclusive or sole?
- What fee structure will be set out in the licence?
- What restrictions apply to the use of the IP?
- Will the licensee have the right to modify or develop the IP?
- Is the licensee permitted to sub-license the IP?
- May the licence agreement be assigned to a third party?
- Does the licence agreement include any warranties?
- What will happen if things go wrong? Does the licence include any indemnities in respect of potential losses that may be suffered by each party?
- What remedies are provided for under the licence agreement?
- Can the terms of the intellectual property licence agreement be varied by the parties? If so, how?
What are the benefits of licensing intellectual property?
Safeguard your own innovations
Gain a competitive edge by licensing product and service advancements developed by your in-house team.
Access new tech and boost business credibility
Tap into existing intellectual property from third parties with the right agreement in place to secure your
Create new revenue streams
By licensing intellectual property to other organisations, you generate additional revenue.
Save time and money
Reduce time spent on research and development with access to existing intellectual property that gets you to market quicker.
Improve your ability to move into other markets
Take advantage where a pre-existing owner of IP is logistically unable to move into other territories and enter into a licensing agreement that gives you the opportunity to move into that market.
Take the weight off your shoulders with shared risk
Develop product innovations without the risk of manufacturing, marketing and selling the product. With the right licence agreement in place you could be selling products that help scale your business without running the risk and incurring the cost of product research and development.
What our clients say
We pride ourselves on delivering an excellent service for clients, but don’t just take our word for it.
Choosing Harper James was one of the best choices we made as a start-up. The firm has provided invaluable advice and insight throughout the early stages of our business.
Easy to work with, quick responses, quick feedback if changes needed, gets things done. We consider the arrangement very worthwhile for Storelectric and would recommend to others.
Harper James have become a vital part of our business. We get quality advice from experienced solicitors at prices that other firms do not appear to be able to match.
My colleagues and I have found them to be adept at dealing with the variety of challenges facing early stage companies. They are a trusted source for sound, sensible advice and practical deal management.
Who We Help: National creative, tech and luxury brands
We support a wide range of UK-based clients in innovative businesses where the effective protection and utilisation of intellectual property is crucial, such as creative industries, retail and luxury brands, manufacturing and engineering and emerging technologies. We advise clients of all types, from university spinouts and start-ups to SMEs and large multi-nationals.
Why choose Harper James Solicitors?
We can assist you with strategic analysis of your IP portfolio and support you with all your licensing requirements – from the licensing in of business-critical software to careful licensing out of your intellectual property.
Our IP licensing solicitors have a wealth of experience in successful IP strategy, IP exploitation and IP dispute resolution. We are experienced in identifying, protecting, exploiting and policing clients’ rights under extensive intellectual property portfolios.
Plus, we have all been recruited from top 100 UK law firms or from large international businesses and have advised clients both as external advisors and as in-house IP/brand management counsel. Find out more about the team here:
Intellectual Property Partner
Having previously worked at top 50 firm, Walker Morris, Lindsay specialises in IP strategy, dispute resolution and IP exploitation.View profile
IP & Commercial Technology Partner
Before joining us Rob worked for Santander bank as an IP/brand management lawyer and also at Shakespeare Martineau.View profile
Intellectual Property Solicitor
Amanda joined the firm in 2016 and has over ten years of experience in providing commercial and intellectual property services for clients.View profile
Our three transparent pricing packages are designed to give you the widest possible access to high-quality legal advice, whatever the size and nature of your business:
Straightforward access to senior solicitors at a competitive rate.
An affordable solution for businesses needing one-off legal support. Receive ‘City’ partner-level expertise at a fraction of ‘City’ prices.
Have legal peace of mind for £189 per month with additional support from £99 per hour.
A monthly subscription legal support package specifically designed for start-ups and smaller businesses.
For businesses requiring 60+ hours of support a year, with prices equivalent to £99 per hour.
Fully account managed quarterly subscription service for businesses with more complex legal needs.