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ARTICLE · 16 OCTOBER 2020

What Is The Difference Between An IP Licence And An Assignment? (Updated On October 14, 2020)

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To know the worth of your IP will provide you with an edge over the competition, as other businesses can overlook IP protection.

AustraliaIntellectual Property
Christopher Parker
Christopher Parker
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Intellectual property (IP) is an intangible, yet extremely valuable asset to your business. It can include:

  • logos;
  • slogans;
  • designs;
  • inventions; or
  • creative works.

To know the worth of your IP will provide you with an edge over the competition, as other businesses can overlook IP protection. Sometimes, you may not be best equipped to effectively utilise your IP. There is more than one way you can leverage the commercial value of your IP. This article will explore two ways to commercialise your IP - assigning and licensing.

IP Licencing

As the owner of IP, you can licence your IP out to another person or company to use. Both yourself and the other party agree on the terms of this use. This is known as a licensing agreement, and in this example, you are the licensor, and the other party is the licensee.

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