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Intangible assets, such as protective rights or know-how, can also be
transferred just as material goods can, for example by purchase or sale.
What is more, protective rights and know-how can be the subject of licences.
By granting a licence, for example, it is possible to regulate the use
of protective rights between their owner (the licensor) and a third party
(the licensee). In view of the scope available in such a contract, the
extent of the licence can vary a great deal and may range, for example,
from a simple authorisation to use the licensed item to an exclusive right
for the licensee, which has a binding effect on the licensor. The granting
of a licence can provide the licensor with an additional source of income.
It is not unusual for inventions first to become global successes only
after licences have been granted. Thanks to a licence, the licensee can
benefit from the latest research results and in this way often gains access
to new markets very efficiently. Licensing agreements are generally looked
upon as a risk business and are usually subject to national and international
monopoly laws which means that the drafting of licensing contracts can
be beset with potential legal problems.
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PROFIL
Patents and utility models