Own-it | Intellectual Property Advice for Creative Businesses

Factsheet on Licensing - the basics

Published 02.04.12 at 11:47

The owner of an intellectual property right has the option to exploit that right commercially. The two main ways of generating revenue are by assigning your rights or licensing them. An assignment is an outright sale whereby you relinquish all control of the use of that work. When you grant a licence, you retain ownership of the IP and grant a limited right of use to the licensee. The terms of use will be set out in the agreement. This article provides an introduction to licensing, setting out the basics and giving an introduction to the different types of licence and the important terms that should be included in a written agreement.

Article by Joe Walsh

Photograph (some rights reserved) by lisbokt

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