Patent rights can be commercialised in many ways. Having the right ownership and licensing structures in place can be crucial to effectively commercialise and derive maximum value from your invention, without jeopardising your patent rights.
Licensing patent rights can have significant benefits for both patent owners and its licensees. It can foster collaboration and the development of new technologies between patent owners with complimentary technologies, products or service offerings; allow licensees access to established and valuable technologies; reduce R&D, manufacturing or distribution costs for either party; allow patent owners access to certain markets via its licensees, without substantial market knowledge or capital investment; expand business and market position for both parties; grow the value of patented technologies, products or associated services; and generate new revenue streams through royalties, licence fees or profits on the manufacture and supply of patented technologies, products and associated services.
Structuring patent ownership and licensing arrangements without appropriate expert advice can result in an unintended loss of patent rights or a failure by the licensee to obtain the scope of rights needed to effectively enforce its rights to the patent and capitalise on the value of the patent to the extent intended.
With an experienced team of patent attorneys complimented by our associated IP lawyers, Shelston IP is uniquely placed to provide comprehensive and strategic advice on patent ownership and licensing issues and are experts in structuring, negotiating, drafting and advising on patent assignments and licensing agreements.