The permission granted by competent authority to exercise a certain privilege that, without such authorization, would constitute an illegal act
Negotiating a deal can be as valuable to your company as your intellectual property. The art of negotiation requires skill, creativity and a special understanding of intellectual property rights as well as the business strategy at play. Having a knowledgeable and experienced partner like Zarley Law from the beginning of the process insures valuable results.
Having a dedicated team in your corner provides peace of mind and security. We have successfully brokered the sale and licensing of numerous patents, trademarks, copyrights and other IP rights and can do the same for you.
If you are starting a new business or expanding your current one, you might want a license agreement between the intellectual property owner and any others who are authorized to use the IP rights.
What is the difference between an assignment and a license?
An assignment means that all the rights are being transferred, much like a sale. In contrast, a license is limited in scope and retains a portion of the rights.
What is the difference between exclusive and nonexclusive?
Much like a relationship, exclusive means that the license is only with that entity, whereas nonexclusive can be with more than one entity. In other words, a licensee may be getting the same or better deal in a nonexclusive situation.