technology licensing

The commercial exploitation of technology doesn’t just occur when you own it.  Significant commercialisation of technology can occur in the giving and the taking of certain rights in the technology, usually in the form of a licence.  Licences usually offer lower total costs  of ownership and can enable a quicker route to market by taking advantage of someone else’s development time.

Licensing is not without its complications.  Licensing by its very nature means that the licensee is reliant on an ongoing commercial (and legal) relationship with the rights owner and therefore careful consideration must be given to the conception of that relationship.  Such licences can be restricted to specific geographic scope, uses and duration.  Careful consideration of these can make licensing a highly effective way of exploiting intellectual property.