TYPES OF LICENSES OF PATENTS, TRADEMARKS, AND COPYRIGHTS

There are several different types of licenses involving Patents, Trademarks or Copyrights, although I will cover only a few. One of the most common types of licenses involving Patents, Trademarks or Copyrights is the exclusive license. An exclusive license is the granting of permission to a licensor the ability to use that intellectual property. The exclusivity typically operates on the licensor, preventing the licensor (the owner of the Patents, Trademarks or Copyrights) from licensing those Patents, Trademarks or Copyrights to another third party. That license can also hold a provision preventing the licensee from sub-licensing that product to another third party. Non-exclusive licenses of Patents, Trademarks or Copyrights will allow a licensor the ability to license to more than one person or corporation. As such, non-exclusive licenses are less valuable than exclusive licenses because there may be greater competition between rivaling licensees. Another type of license is a geographically defined license. These licenses will allow licensees to market, distribute, and sell those products within a specific geographic region. For instance, some licenses will restrict the geographic scope within a country, a state, or a city. Licenses also work for Trademarks and Copyrights as well. You should note that many licenses carry various provisions for verifying sales. To verify sales, some licenses enable the licensor to periodically check the books of a licensee to verify the sales of the underlying subject matter so as to determine the amount of royalties due. los angeles patent attorney lawyer los angeles bankruptcy attorney

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