A licensing agreement will typically be used by business going both ways. For instance, many businesses will have the use of certain computer software which will have been licensed to them by the developer. They may also have their own assets the use of which they wish to licence out to others.
A licence agreement should determine what is being licensed, to whom, for how long and for what purposes. This licence could be for general use or could be restricted to certain purposes. The grant of the licence should also specify whether it is to be exclusive or if others are allowed to be given use of the subject of the licence too.
Other areas of the licence should deal with the subject of royalties for the licensing and how these royalties are to be paid and calculated.
The licence agreement may also ensure that the asset is to be protected and maintained by the licensee who is to ensure that nothing is done to harm the licensor's ownership of the asset - this is especially important regarding the licensing of intellectual property rights.
Very thorough and precise with each contract and have made it very easy for us to feel very confident going into new territories, whether it being a different country or a different manufacturer.
Have dealt with several staff at Forbes. Always very clear, professional and approachable. Happy to recommend them and will use again.
John brings a high level of expertise which we're sure will benefit our members.
NWL Chamber of Commerce
Forbes Solicitors have acted on behalf of WEC Group Limited for many years providing advice on a range of matters including Corporate & Restructuring and Commercial Property.
WEC Group Limited
John provides practical and concise advice and support in a professional and timely manner.
Thanks John, your services have been impeccable and as such I will have no hesitation to recommend both your services and those of Forbes Solicitors.
GM Bespoke Events