Business Transactions and Intellectual Property
The licensing industry features business transactions centered on a vast array of licensing types. One of the primary licensing types is that of corporate licensing. This involves the owner of a corporation leasing the patents, copyrights or
trademarks associated with that corporation to a separate entity (usually referred to as the “licensee”). This license allows the licensee to utilize the intellectual property of the corporation in connection with the licensee’s own goods or services. Examples of corporate licensing can be seen on a daily basis, such as in merchandising goods that include toys, games, electronics, publishing, and clothing and cosmetics.
In structuring a corporate licensing agreement, legal permission is granted by an intellectual property owner to a licensee to utilize that intellectual property. In exchange for this use, the owner is provided with financial remuneration. There are terms and conditions applied to the use of the corporate license, such as a restriction on the geographical area in which it can be used, and for how long. If you require assistance in a matter related to corporate licensing, an experienced
intellectual property lawyer from our firm is available to provide you with a full range of legal services.
Grimes LLC is an intellectual property law firm that was established in 1980. In the years since, we have become one of the leading corporate licensing law firms, and have assisted a large number of diverse clients with all manner of corporate licensing cases internationally . Our managing partner, Chuck Grimes, is well versed in all facets of intellectual property law, and has managed the worldwide trademark portfolios of many leading consumer products companies. If you are in need of legal help in relation to a corporate licensing matter, our firm is well suited to provide you with the representation you need.