Licence Agreements - What To Watch Out For?

Trademarks, copyrights, patents, know-how - "IP rights" of all kinds are important economic assets. If they are not only to be used by the company itself, but also to be exploited profitably by third parties, legal protection through a corresponding licence agreement is virtually indispensable.

Through a licence agreement, the holder of a right enables third parties to use its intellectual property in a way that is otherwise reserved for it alone. At best, this creates a win-win situation: while the licensee can use and commercialise the result of a third party's intellectual creation, the licensor is pleased about the further dissemination of its creation and corresponding licensing income.