The management and licensing of intellectual property rights
(patents, copyrights, trademarks, design, geographical indications
and know-how, collectively referred to as
"IP") is very crucial for all business
organizations especially, the ones which focuses on technology
sectors. In fact, the management and licensing of IP drives the
profitability of businesses and consequently encourages and
incentivizes innovation. "Licensing" is a legal mechanism
that gives opportunities to use or re-use IP, which is already
protected. This, of course would bring about the debate on factors
which would help the "licensor" and "licensee"
to determine why one might license and why one might not license.
These factors inter alia include, sharing the risk of
manufacturing/production; expenses and costs of research and
development; saving time instead of re-inventing the wheel; market
penetration; collaboration of new ideas and products. Therefore,
every decision of taking or granting
