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How to Search Licensing Agreement

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In this video, Andrew Krause, co-founder of Event Right, discusses the basics of licensing contracts. He clarifies the difference between a patent, which protects an invention, and a licensing agreement, which allows a company to sell a product in exchange for royalties. Krause emphasizes the importance of having a licensing agreement and notes that many companies may not prioritize patents when negotiating deals. He highlights that a significant number of students in their program are surprised to learn that some companies are willing to pay royalties without valuing a patent. The session aims to educate viewers on the fundamentals of licensing in the business environment.

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What are the 3 types of licensing agreements?

Generally, there are three types of licensing agreements: exclusive, sole, or non-exclusive. In an exclusive license, the licensee is only the party that can use the licensed intellectual property.

Are commercial agreements confidential?

Most commercial contracts contain confidentiality clauses of one type or another, such as distribution and re-seller agreements, sponsorship agreements, commission agreements, to name a few.

Are licensing agreements confidential?

An agreement will not be considered confidential unless it contains a clause stating that it should be treated as such.

What does a licensing agreement do?

A licensing agreement can be a profitable option for solo entrepreneurs, inventors and many business owners. Licensing is essentially an agreement between you (the licensor) and another party (the licensee) to take your product to market. In return, you receive either a lump sum or royalty payments for each item sold.

Are licensing agreements illegal in Canada?

There is no legislation in Canada specifically governing the creation or regulation of an international licensing relationship, provided that the relationship does not contravene Canadian law, for example, the Competition Act, RSC 1985 C-34, or does not involve franchise agreements.

Are non-disclosure agreements confidential?

Non-disclosure agreements, or NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential.

What are the disadvantages of licensing?

Disadvantages of licensing patents loss of control (partially or fully) over your invention. relying on the licensees ability to effectively commercialise your patent. risk of poor strategy or execution damaging the product success. poor quality management damaging your brand or product reputation.

What should I look for in a licensing agreement?

8 Important Things to Look for in a Licensing Agreement Ownership. Performance Requirements. Exclusivity Clauses. Affiliates or Sub-Distributors. Termination Clauses. Product Liability. Length of the Relationship. Payments and Royalties.

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