• December 2019
    M T W T F S S
    « Nov    
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  

Licensing Agreement

lawtrades services licensing agreement

Licensing the right way.

Give someone permission to do a certain activity or to use your property.

– Ensure your agreement is fair

– Confidently use again

– It’ll help with negotiations


What’s a licensing agreement

A license allows the creator (called a licensor) of the intellectual property (IP) to profit from the invention or creative work by charging the user (referred to as a licensee) for the use of the property. The property being licensed can be in the form of real, personal or intellectual property. If your business is in the position to license property then a licensing agreement is necessary to fully protect your patents, trademarks, copyrights, trade secrets, and other forms of licensable IP. LawTrades can help you find a licensing agreement lawyer to provide business licensing services.

Licensing agreement lawyers can help document the entire agreement in writing, specifying how the licensee may use the property and the payment arrangement for such use. An agreement should also detail the dispute resolution process in the event that someone violates the licensing agreement.

The benefits
Ensure your agreement is fair

Licensing agreement lawyers have experience dealing with these types of agreements. As such, the licensing lawyer will notice any terms that could cause problems for your business down the line.

Confidently use again

If you’re licensing out the same property, with similar terms, then you can probably continue reusing the licensing agreement that was drafted by a licensing agreement lawyer.

It’ll help with negotiations

Even if your agreement is a “done deal” it helps to have an experienced licensing agreement lawyer take a look at the terms. A licensing lawyer can give you advice for when it’s time to renegotiate or if you enter into other subsequent licensing deals.


FAQ


Why should I hire an attorney to draft a licensing agreement?

Consulting a licensing lawyer before licensing your IP is strongly recommended. A licensing agreement lawyer will be able to identify and address the terms that will be vital to your licensing agreement. Also, a licensing lawyer can help negotiate the terms of the licensing agreement. After all, licensing your IP is relinquishing some of your company’s most valuable assets so it’s important to do it right.

What are the different types of licensing agreements?

There are three main types: sole licenses, non-exclusive licenses, and exclusive licenses. You’ll have a good idea of what type of license is best for your business after consulting with a licensing lawyer for business.

What type of business entity is a buy-sell agreement intended for?

A buy-sell agreement can be used for all business entities, including C-Corps, S-Corps, and LLCs.

Must a buy-sell agreement ever be updated?

A buy-sell agreement should be updated if there is a change in circumstances such as a new owner, new spouse of an owner or other personal matter.

How does a company formulate its value when a buy-sell agreement is triggered?

It’s important to include a valuation formula in the buy-sell agreement. This allows owners to discuss and vote on the how the company should be calculated. Failing to do so can cause a ton of controversy, including litigation costs and having to hire a professional appraiser.


Reviews 

 


Daniel, H. | ★★★★★

“Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.”


Rafael, R. | ★★★★★

“I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me.”


Ori, A. | ★★★★★

“Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.”


Tamas, P. | ★★★★★

“Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.”


Yash, P. | ★★★★★

“Amazing service, i cant get over texting to get a lawyer. it’s revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.”


Janet, S. | ★★★★★

“Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.”