Own-it | Intellectual Property Know-How 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


Please note that this article discusses the legal position in the UK at the time of publication. It provides general information only but is not to be regarded as legal advice. You must take advice from a specialist lawyer in relation to your specific circumstances. Further, you should seek additional legal advice when dealing with parties based in other parts of the world or works originating from other parts of the world as the legal position may vary.

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