IP Licensing Primer Part Two: Reaping The Benefits

In part one of our IP licensing primer series, we discussed foundational considerations that Licensors and Licensees should bear in mind before entering an IP licensing agreement. We broadly explained how licence terms can be fine-tuned to generate revenue, strategically expand your business and protect your organization's brand.

This article, a sequel to part one, will expand on the topic of IP licensing by explaining different types of licence grants and the scope of a licence.

ONE. Elements of Licence Grants

When one party (the "Licensor") grants a licence to another party (the "Licensee"), the type of "grant" can make a difference in how the IP is monetized, used and controlled. Generally, licence grants can differ based on their duration, transferability and revocability.