COMMERCIAL DEVELOPMENT OF INTELLECTUAL PROPERTY
Wealth is not created by happenstance. The second law of thermodynamics applies equally well to the affairs of mankind. Therefore, unless you put energy into a system to create order, you will have a state of maximum disorder. In the present context, there will be no intellectual property to develop commercially, or at a minimum very little, unless action is taken on the part of the intellectual property owner(s). In order to develop your intellectual property commercially you will need to pursue a three pronged approach from the beginning of your business endeavor: define ownership; IP creation/protection; licensing/transfer.
- Employment Agreements - define ownership rights in the intellectual property, see the discussion of agreements in Trade Secrets.
- IP Creation/Protection of the different intellectual property assets is accomplished by using existing intellectual property laws, see the categories of intellectual property services listed in Patents, Trademark, Copyright, and Trade Secrets.
- IP Licensing/Transfer - creates a revenue stream that can increase your company's profits. In the present market, revenue streams from intellectual property can mean the difference between operating at a loss and showing a profit on your company's bottom line.
- Copyright License Agreements - We provide counsel and prepare license agreements that enable clients to produce income from their copyright protected material.
- Patent Licensing - Preventing others from making, using or selling your patented product is the right that comes with the patent grant. However, lucrative revenue streams can be created by licensing those rights to willing parties. Interestingly, a party can become a willing party if the party is a potential infringer. Investigative background research on a competitor's products can prove invaluable in a license negotiation with the competitor (potential infringer) when the competitor is transformed into a willing licensee by the news of the potentially infringing product.
- Trademark & Trade Secret Licensing
- Software Licensing - Usually software licensing is closely related to copyright. A software license enables a copyright owner to give others permission to exercise one or more of the copyright owner’s exclusive rights.