{"id":178128,"date":"2022-11-07T13:45:26","date_gmt":"2022-11-07T13:45:26","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=178128"},"modified":"2022-11-14T06:48:02","modified_gmt":"2022-11-14T06:48:02","slug":"licensing-ip-rights","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/","title":{"rendered":"What Do I Need to Know About Licencing my IP Rights in the UK"},"content":{"rendered":"\n<p><span style=\"font-weight: 400\">If you are a business in the UK considering licensing your intellectual property rights, you should be clear on what licensing IP rights mean. Intellectual property grants the owner exclusive rights over usage, notably when registered. For example, registered trade marks are owned exclusively by the business that registered them, which provides the owner with remedies such as legal action if another company infringes their IP rights. Therefore, for another business to use your intellectual property without infringing your exclusive rights, you must agree to this by licensing your IP rights. This article will discuss what you need to know about licensing your IP rights.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">What is Licensing?<\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/licence-agreement-business\/\"><span style=\"font-weight: 400\">Licensing is when you come to a formal licensing agreement<\/span><\/a><span style=\"font-weight: 400\"> with another business that permits them to use your intellectual property in agreed ways in exchange for a fee. You can licence:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">trade marks (e.g. logos or slogans);<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">patents (e.g. new inventions);<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">copyright protection (e.g. original work, creative works); and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">design rights (e.g. new product designs).<\/span><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Things to Consider When Licensing your IP Rights<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">You may wish to consider the types of permission you are granting the licence holder. It is essential to decide things such as:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">whether the licence will be an exclusive, non-exclusive licence or sole licence;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the restrictions associated with using the IP;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the possibility of the licensor granting sub-licences to other parties;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">any rules relating to manufacturing\/selling; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">the duration of time the licence will last.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">The licensing process involves a carefully drafted contractual agreement between you as the intellectual property owner and another party. This agreement permits other parties to use the intellectual property in a certain way. You must draft these agreements carefully to ensure you protect your intellectual property rights as you intend. You may choose to obtain a one-off fee from the business that acquires the licence, or you may wish to come to a regular fee-based system dependent on timeframes, manufacturing, etc. The most important thing to note is that you must take care when drafting your agreement. Therefore, obtaining legal advice from an intellectual property specialist is highly advisable.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">&nbsp;<\/span>    <div class=\"my-7 lg:my-10 border-y-2 border-gray-100 py-7 lg:py-10 flex flex-col sm:flex-row items-start gap-10\">\n                    <img decoding=\"async\" class=\"w-52 mx-auto my-0! rounded\" src=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/09\/16051654\/UK-Trade-Mark-Essentials-Screenshot-290x410-1.jpg\" alt=\"Front page of publication\"\n                 loading=\"lazy\" width=\"208\" height=\"298\">\n                <section>\n            <div class=\"text-2xl font-bold\">Trade Mark Essentials<\/div>\n            <div class=\"body-text\">\n                <p>LegalVision&#8217;s Trade Mark Essentials Guide provides valuable information for any business looking to register or enforce a trade mark. <\/p>\n            <\/div>\n            \n\n<a href=\"https:\/\/go.legalvision.co.uk\/uk-trade-mark-essentials-guide.html\" class=\" block px-5 py-3.5 max-w-fit bg-orange button__hover transition rounded text-white font-bold text-lg no-underline uppercase leading-tight text-center\" target=\"\" rel=\"\">Download Now<\/a>        <\/section>\n    <\/div>\n<\/p>\n\n\n\n\n<a href=\"#content-next\"\n   class=\"block p-4 mt-10 text-xl font-bold text-center text-white no-underline bg-gray-800 rounded-t-xl\">\n    Continue reading this article below the form\n    <i class=\"text-xl fa-regular fa-arrow-down\"><\/i>\n<\/a>\n<div class=\"px-6 pt-10 pb-12 mb-10 text-center bg-gray-100 rounded-b-xl sm:px-12 test\">\n    <div class=\"mb-8 text-2xl font-bold text-orange\">\n        Need legal advice?\n        <br>\n        <span class=\"text-lg not-prose\">\n                            Call <a href=\"tel:+448081968584\" class=\"not-prose\">0808 196 8584<\/a> for urgent assistance.\n                <br>\n                Otherwise, complete this form, and we will contact you within one business day.\n                    <\/span>\n    <\/div>\n\n    \n\n<div class=\"not-prose flex justify-center text-left gform_input_bg_white    \">\n    <script>\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof InitializeEditor,callIfLoaded:function(o){return!(!gform.domLoaded||!gform.scriptsLoaded||!gform.themeScriptsLoaded&&!gform.isFormEditor()||(gform.isFormEditor()&&console.warn(\"The use of gform.initializeOnLoaded() is deprecated in the form editor context and will be removed in Gravity Forms 3.1.\"),o(),0))},initializeOnLoaded:function(o){gform.callIfLoaded(o)||(document.addEventListener(\"gform_main_scripts_loaded\",()=>{gform.scriptsLoaded=!0,gform.callIfLoaded(o)}),document.addEventListener(\"gform\/theme\/scripts_loaded\",()=>{gform.themeScriptsLoaded=!0,gform.callIfLoaded(o)}),window.addEventListener(\"DOMContentLoaded\",()=>{gform.domLoaded=!0,gform.callIfLoaded(o)}))},hooks:{action:{},filter:{}},addAction:function(o,r,e,t){gform.addHook(\"action\",o,r,e,t)},addFilter:function(o,r,e,t){gform.addHook(\"filter\",o,r,e,t)},doAction:function(o){gform.doHook(\"action\",o,arguments)},applyFilters:function(o){return gform.doHook(\"filter\",o,arguments)},removeAction:function(o,r){gform.removeHook(\"action\",o,r)},removeFilter:function(o,r,e){gform.removeHook(\"filter\",o,r,e)},addHook:function(o,r,e,t,n){null==gform.hooks[o][r]&&(gform.hooks[o][r]=[]);var d=gform.hooks[o][r];null==n&&(n=r+\"_\"+d.length),gform.hooks[o][r].push({tag:n,callable:e,priority:t=null==t?10:t})},doHook:function(r,o,e){var t;if(e=Array.prototype.slice.call(e,1),null!=gform.hooks[r][o]&&((o=gform.hooks[r][o]).sort(function(o,r){return o.priority-r.priority}),o.forEach(function(o){\"function\"!=typeof(t=o.callable)&&(t=window[t]),\"action\"==r?t.apply(null,e):e[0]=t.apply(null,e)})),\"filter\"==r)return e[0]},removeHook:function(o,r,t,n){var e;null!=gform.hooks[o][r]&&(e=(e=gform.hooks[o][r]).filter(function(o,r,e){return!!(null!=n&&n!=o.tag||null!=t&&t!=o.priority)}),gform.hooks[o][r]=e)}});\n<\/script>\n\n                <div class='gf_browser_gecko gform_wrapper gravity-theme gform-theme--no-framework lawyer-form_wrapper gplaceholder_wrapper form-with-labels-no-asterisks_wrapper has-new-validation-error-styling_wrapper' data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_2453' style='display:none'><div id='gf_2453' class='gform_anchor' tabindex='-1'><\/div><form method='post' enctype='multipart\/form-data' target='gform_ajax_frame_2453' id='gform_2453' class='lawyer-form gplaceholder form-with-labels-no-asterisks has-new-validation-error-styling' action='\/api\/wp\/v2\/posts\/178128#gf_2453' data-formid='2453' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_2453' class='gform_fields top_label form_sublabel_below description_below validation_below'><div id=\"field_2453_1000\" class=\"gfield gfield--type-honeypot gform_validation_container field_sublabel_below gfield--has-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_1000'>Comments<\/label><div class='ginput_container'><input name='input_1000' id='input_2453_1000' type='text' value='' autocomplete='new-password'\/><\/div><div class='gfield_description' id='gfield_description_2453_1000'>This field is for validation purposes and should be left unchanged.<\/div><\/div><div id=\"field_2453_1\" class=\"gfield gfield--type-text gfield--input-type-text gf_left_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_1'>First Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_1' id='input_2453_1' type='text' value='' class='medium'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2453_12\" class=\"gfield gfield--type-text gfield--input-type-text gf_right_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_12'>Last Name<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_text'><input name='input_12' id='input_2453_12' type='text' value='' class='medium'     aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2453_2\" class=\"gfield gfield--type-email gfield--input-type-email gf_left_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_2'>Email Address<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_email'>\n                            <input name='input_2' id='input_2453_2' type='email' value='' class='medium'    aria-required=\"true\" aria-invalid=\"false\"  \/>\n                        <\/div><\/div><div id=\"field_2453_3\" class=\"gfield gfield--type-phone gfield--input-type-phone gf_right_half gfield--width-half gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_3'>Phone<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_3' id='input_2453_3' type='tel' value='' class='medium'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_2453_14\" class=\"gfield gfield--type-select gfield--input-type-select gfield--width-full custom-select gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_14'>Number of Employees in Your Business<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_select'><select name='input_14' id='input_2453_14' class='large gfield_select'    aria-required=\"true\" aria-invalid=\"false\" ><option value='' selected='selected'>Select ...<\/option><option value='0' >0<\/option><option value='1' >1-5<\/option><option value='6' >6-20<\/option><option value='21' >21-50<\/option><option value='51' >51-250<\/option><option value='250' >250+<\/option><\/select><\/div><\/div><div id=\"field_2453_4\" class=\"gfield gfield--type-textarea gfield--input-type-textarea gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_2453_4'>Tell us about your enquiry<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_text\">(Required)<\/span><\/span><\/label><div class='ginput_container ginput_container_textarea'><textarea name='input_4' id='input_2453_4' class='textarea medium'     aria-required=\"true\" aria-invalid=\"false\"   rows='10' cols='50'><\/textarea><\/div><\/div><div id=\"field_2453_5\" class=\"gfield gfield--type-html gfield--input-type-html gfield_html gfield_html_formatted gfield_no_follows_desc field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  >By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. View our <a href=\"https:\/\/legalvision.co.uk\/privacy-notice\/\" target=\"_blank\">Privacy Policy<\/a>. <\/div><div id=\"field_2453_8\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_8' id='input_2453_8' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='http:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/178128' \/><\/div><\/div><div id=\"field_2453_13\" class=\"gfield gfield--type-hidden gfield--input-type-hidden gform_hidden field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><div class='ginput_container ginput_container_text'><input name='input_13' id='input_2453_13' type='hidden' class='gform_hidden'  aria-invalid=\"false\" value='generic_form' \/><\/div><\/div><fieldset id=\"field_2453_999\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield__uk-marketo-opt-in field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label screen-reader-text' ><\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_2453_999'><div class='gchoice gchoice_2453_999_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_999.1' type='checkbox'  value='1'  id='choice_2453_999_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_2453_999_1' id='label_2453_999_1' class='gform-field-label gform-field-label--type-inline'>By submitting this form, you agree to receive content and event invitations from us to help you grow your business. If you do not want to receive such messages, tick here.<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><\/div><\/div>\n        <div class='gform-footer gform_footer top_label'> <button type=\"submit\" id=\"gform_submit_button_2453\" class=\"gform_button button\" onclick=\"gform.submission.handleButtonClick(this);\" data-submission-type=\"submit\"><span class=\"gform_submit_button__text\">Submit Now<\/span><\/button> <input type='hidden' name='gform_ajax' value='form_id=2453&amp;title=&amp;description=&amp;tabindex=0&amp;theme=gravity-theme&amp;hash=ec2463697d0d9cef7b71236ae60964c7' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submission_method' data-js='gform_submission_method_2453' value='iframe' \/>\n            <input type='hidden' class='gform_hidden' name='gform_theme' data-js='gform_theme_2453' id='gform_theme_2453' value='gravity-theme' \/>\n            <input type='hidden' class='gform_hidden' name='gform_style_settings' data-js='gform_style_settings_2453' id='gform_style_settings_2453' value='' \/>\n            <input type='hidden' class='gform_hidden' name='is_submit_2453' value='1' \/>\n            <input type='hidden' class='gform_hidden' name='gform_submit' value='2453' \/>\n            \n            <input type='hidden' class='gform_hidden' name='gform_currency' data-currency='GBP' value='8W0NqjPz1v0h9W0CimpXTwOGjHOTHHaaixQvIANyaddOhx2oohr7o\/N6wu4of6vnWkEi+E858KhM6C+mDLn8msJKsCbfwTVsw+5YN3HozpKazEc=' \/>\n            <input type='hidden' class='gform_hidden' name='gform_unique_id' value='' \/>\n            <input type='hidden' class='gform_hidden' name='state_2453' value='WyJ7XCIxNFwiOltcIjIyODY0N2ViMWU3NTcxZjA4YTY4NGJmMDcwMTk3Y2I0XCIsXCJiMzk3YmQ1MDBmMmFjNjk1ODE4MzdmNTBhYTA2MzQ0OFwiLFwiNGYyNGZkZGEwMzlkNDUxMWFhZGE1NGYwZmQwZmNiZTdcIixcIjUyMmJkMDE2M2I2ZmEwOTI3NDZhZjU5YTg0ZmM1NDk5XCIsXCIzODRlNjk1YjQxMTAzMWFiYmQ2ODEyMGYyZWFhMDYyNlwiLFwiYjkzNDcwNTE2MjkxOGRjZWViMjQzNzRjNmE0NGVmNTlcIixcIjQxMTliODZhMzVjYzJiMWViNDZiMmQ4NjRlNGUzZmNjXCJdfSIsIjQ3MjNiMzA2ZDIyZGVkODA2N2YyMjYyOThkYzI1ODVmIl0=' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_target_page_number_2453' id='gform_target_page_number_2453' value='0' \/>\n            <input type='hidden' autocomplete='off' class='gform_hidden' name='gform_source_page_number_2453' id='gform_source_page_number_2453' value='1' \/>\n            <input type='hidden' name='gform_field_values' value='' \/>\n            \n        <\/div>\n                        <\/form>\n                        <\/div>\n\t\t                <iframe style='display:none;width:0px;height:0px;' src='about:blank' name='gform_ajax_frame_2453' id='gform_ajax_frame_2453' title='This iframe contains the logic required to handle Ajax powered Gravity Forms.'><\/iframe>\n\t\t                <script>\ngform.initializeOnLoaded( function() {gformInitSpinner( 2453, 'https:\/\/legalvision.co.uk\/wp-content\/themes\/legalv-v6\/img\/spinner.svg', true );jQuery('#gform_ajax_frame_2453').on('load',function(){var contents = jQuery(this).contents().find('*').html();var is_postback = contents.indexOf('GF_AJAX_POSTBACK') >= 0;if(!is_postback){return;}var form_content = jQuery(this).contents().find('#gform_wrapper_2453');var is_confirmation = jQuery(this).contents().find('#gform_confirmation_wrapper_2453').length > 0;var is_redirect = contents.indexOf('gformRedirect(){') >= 0;var is_form = form_content.length > 0 && ! is_redirect && ! is_confirmation;var mt = parseInt(jQuery('html').css('margin-top'), 10) + parseInt(jQuery('body').css('margin-top'), 10) + 100;if(is_form){form_content.find('form').css('opacity', 0);jQuery('#gform_wrapper_2453').html(form_content.html());if(form_content.hasClass('gform_validation_error')){jQuery('#gform_wrapper_2453').addClass('gform_validation_error');} else {jQuery('#gform_wrapper_2453').removeClass('gform_validation_error');}setTimeout( function() { \/* delay the scroll by 50 milliseconds to fix a bug in chrome *\/ jQuery(document).scrollTop(jQuery('#gform_wrapper_2453').offset().top - mt); }, 50 );if(window['gformInitDatepicker']) {gformInitDatepicker();}if(window['gformInitPriceFields']) {gformInitPriceFields();}var current_page = jQuery('#gform_source_page_number_2453').val();gformInitSpinner( 2453, 'https:\/\/legalvision.co.uk\/wp-content\/themes\/legalv-v6\/img\/spinner.svg', true );jQuery(document).trigger('gform_page_loaded', [2453, current_page]);window['gf_submitting_2453'] = false;}else if(!is_redirect){var confirmation_content = jQuery(this).contents().find('.GF_AJAX_POSTBACK').html();if(!confirmation_content){confirmation_content = contents;}jQuery('#gform_wrapper_2453').replaceWith(confirmation_content);jQuery(document).scrollTop(jQuery('#gf_2453').offset().top - mt);jQuery(document).trigger('gform_confirmation_loaded', [2453]);window['gf_submitting_2453'] = false;wp.a11y.speak(jQuery('#gform_confirmation_message_2453').text());}else{jQuery('#gform_2453').append(contents);if(window['gformRedirect']) {gformRedirect();}}jQuery(document).trigger(\"gform_pre_post_render\", [{ formId: \"2453\", currentPage: \"current_page\", abort: function() { this.preventDefault(); } }]);        if (event && event.defaultPrevented) {                return;        }        const gformWrapperDiv = document.getElementById( \"gform_wrapper_2453\" );        if ( gformWrapperDiv ) {            const visibilitySpan = document.createElement( \"span\" );            visibilitySpan.id = \"gform_visibility_test_2453\";            gformWrapperDiv.insertAdjacentElement( \"afterend\", visibilitySpan );        }        const visibilityTestDiv = document.getElementById( \"gform_visibility_test_2453\" );        let postRenderFired = false;        function triggerPostRender() {            if ( postRenderFired ) {                return;            }            postRenderFired = true;            gform.core.triggerPostRenderEvents( 2453, current_page );            if ( visibilityTestDiv ) {                visibilityTestDiv.parentNode.removeChild( visibilityTestDiv );            }        }        function debounce( func, wait, immediate ) {            var timeout;            return function() {                var context = this, args = arguments;                var later = function() {                    timeout = null;                    if ( !immediate ) func.apply( context, args );                };                var callNow = immediate && !timeout;                clearTimeout( timeout );                timeout = setTimeout( later, wait );                if ( callNow ) func.apply( context, args );            };        }        const debouncedTriggerPostRender = debounce( function() {            triggerPostRender();        }, 200 );        if ( visibilityTestDiv && visibilityTestDiv.offsetParent === null ) {            const observer = new MutationObserver( ( mutations ) => {                mutations.forEach( ( mutation ) => {                    if ( mutation.type === 'attributes' && visibilityTestDiv.offsetParent !== null ) {                        debouncedTriggerPostRender();                        observer.disconnect();                    }                });            });            observer.observe( document.body, {                attributes: true,                childList: false,                subtree: true,                attributeFilter: [ 'style', 'class' ],            });        } else {            triggerPostRender();        }    } );} );\n<\/script>\n<\/div>\n<\/div>\n<div id=\"content-next\"><!-- scroll anchor --><\/div>\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Benefits of Licensing Your Intellectual Property<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">Licensing your intellectual property can <\/span><a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/licence-agreement\/\"><span style=\"font-weight: 400\">benefit you as a business owner<\/span><\/a><span style=\"font-weight: 400\"> as you still retain ownership while also benefiting from another income stream. This can be useful when you feel like another business could, for example, manufacture or sell your product better than you could. You could also license your IP to companies in other countries where you do not currently trade and, therefore, expand your geographical presence.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">It is essential, however, to recognise when licensing your IP would not be beneficial. Some examples of this situation include:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">where the company could potentially damage the reputation of your intellectual property;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">situations where you are not earning a high enough revenue to justify licensing;<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">when the licensing would result in the value of your IP assets diminishing; and<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">when too many businesses are being granted a licence.<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">You are not obliged to inform the <a href=\"https:\/\/www.gov.uk\/government\/organisations\/intellectual-property-office\">Intellectual Property Office<\/a> if you decide to grant a third party a licence for your IP rights, but it is advisable to do this within six months. When informing the Intellectual Property Office, you will be required to provide the following:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>date of the licence agreement;<\/li><li>names and addresses of parties to the agreement; and<\/li><li>any relevant numbers or references, e.g. patent number.<\/li><li><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">In the UK, you can licence your intellectual property at any point. <\/span><a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/ip-licence-assignment\/\"><span style=\"font-weight: 400\">Licensing is when you enter into a formal contractual agreement<\/span><\/a><span style=\"font-weight: 400\"> with another business that permits them to use your intellectual property in specific ways in exchange for a fee. You can agree on the fee structure and amount applicable and should ensure this is drafted carefully. Licensing can be complex, and there are many things to consider, such as relevant restrictions you wish to place on usage, fee structures and duration of the licence. You should therefore take professional legal advice and instruct a specialist when entering a licensing agreement.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">If you need help or advice around licensing your intellectual property, LegalVision&#8217;s experienced <\/span><a href=\"https:\/\/legalvision.co.uk\/intellectual-property-lawyers-lp\/\"><span style=\"font-weight: 400\">intellectual property lawyers<\/span><\/a><span style=\"font-weight: 400\"> can assist as part of our LegalVision membership. For a low monthly fee, you will have unlimited access to lawyers to answer your questions and draft and review your documents. Call us today on <a href=\"tel:+448081968584\" class=\"AVANSERnumber dynamic-number\">0808 196 8584<\/a> or visit our <\/span><a href=\"https:\/\/legalvision.co.uk\/membership\/\"><span style=\"font-weight: 400\">membership page<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400\">Frequently Asked Question<\/span>s<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1667827543330\"><strong class=\"schema-faq-question\"><strong>What is IP licensing?<\/strong><\/strong> <p class=\"schema-faq-answer\">This means you formally agree to another business using your intellectual property in exchange for a fee. You should draw up the exact details of the agreement carefully to ensure all appropriate restrictions are in place.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1667827579890\"><strong class=\"schema-faq-question\"><strong>What types of IP can be licensed?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can license any type of intellectual property. Therefore, if you own a trade mark, patent, copyright, design rights or any other intellectual property, you can form a licensing agreement for this property.<\/p> <\/div> <\/div>\n<div class=\"not-prose m-feedback-prompt\">\n    <!-- Thumbs up\/down bar -->\n    <div class=\"m-feedback-prompt__main\">\n        <div class=\"m-feedback-prompt__title\">Was this article helpful?<\/div>\n        <div>\n            <!--span class=\"m-feedback-prompt__button--text\">Thanks!<\/span-->\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--yes\"\n                    data-analytics-link=\"feedback-prompt:yes\" aria-label=\"Agree\">\n                <i class=\"fa-regular fa-thumbs-up fa-3x\"><\/i>\n            <\/button>\n            <button type=\"button\" class=\"m-feedback-prompt__button m-feedback-prompt__button--no\"\n                    data-analytics-link=\"feedback-prompt:no\" aria-label=\"Disagree\">\n                <i class=\"fa-regular fa-thumbs-down fa-3x\"><\/i>\n            <\/button>\n        <\/div>\n    <\/div>\n\n    <!-- Feedback form -->\n    <div class=\"m-feedback-prompt__form\">\n        <div class=\"m-feedback-prompt__form--thanks \">\n            <div>Thanks!<\/div>\n            <p>\n                We appreciate your feedback \u2013 your submission has been successfully received.            <\/p>\n        <\/div>\n        <form id=\"contact-form\" class=\"m-feedback-prompt__form--form\" action=\"\" method=\"post\">\n            <input type=\"hidden\" id=\"authenticity_token\" name=\"authenticity_token\" value=\"488c9024c8\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/178128\" \/>            <input value=\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"What Do I Need to Know About Licencing my IP Rights in the UK\" type=\"hidden\" name=\"currenttitle\"\n                   id=\"currenttitle\">\n            <label>\n                <!-- display on thumbs-up -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--yes\">\n                    Can you tell us <span class=\"font-semibold\">why<\/span> you found it helpful?\n                <\/span>\n\n                <!-- display on thumbs-down -->\n                <span class=\"m-feedback-prompt__feedback m-feedback-prompt__feedback--no text-lg\">\n                    How can we better improve this article?\n                <\/span>\n                <textarea name=\"feedbackmessage\" id=\"feedbackmessage\" required><\/textarea>\n            <\/label>\n\n            <div class=\"m-feedback-prompt__form--error\" id=\"form-submit-error\"><\/div>\n            <button id=\"submit-contact-form-button\" type=\"submit\" name=\"commit\" class=\"m-feedback-prompt__form--submit\"\n                    data-analytics-link=\"feedback-prompt:submit\">\n                Submit            <\/button>\n        <\/form>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you are a business in the UK considering licensing your intellectual property rights, you should be clear on what licensing IP rights mean. Intellectual property grants the owner exclusive rights over usage, notably when registered. For example, registered trade marks are owned exclusively by the business that registered them, which provides the owner with<a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\">Continue reading <span class=\"sr-only\">&#8220;What Do I Need to Know About Licencing my IP Rights in the UK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13353,"featured_media":3256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"177143,171759,175796,874,177011,2854","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[38],"tags":[20,330,970,1173],"class_list":["post-178128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intellectual-property","tag-small-business","tag-licence-agreement","tag-intellectual-property-rights","tag-intellectual-property-solicitor"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What you need to know about licensing IP rights | LegalVision UK<\/title>\n<meta name=\"description\" content=\"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What you need to know about licensing IP rights | LegalVision UK\" \/>\n<meta property=\"og:description\" content=\"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\" \/>\n<meta property=\"og:site_name\" content=\"LegalVision UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalVision\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-07T13:45:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-14T06:48:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"861\" \/>\n\t<meta property=\"og:image:height\" content=\"565\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fiona Prior\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LegalVision_law\" \/>\n<meta name=\"twitter:site\" content=\"@LegalVision_law\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Prior\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\"},\"author\":{\"name\":\"Fiona Prior\",\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773\"},\"headline\":\"What Do I Need to Know About Licencing my IP Rights in the UK\",\"datePublished\":\"2022-11-07T13:45:26+00:00\",\"dateModified\":\"2022-11-14T06:48:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\"},\"wordCount\":828,\"image\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg\",\"keywords\":[\"small business\",\"licence agreement\",\"intellectual property rights\",\"intellectual property solicitor\"],\"articleSection\":[\"Intellectual Property Articles\"],\"inLanguage\":\"en-GB\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\",\"url\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\",\"name\":\"What you need to know about licensing IP rights | LegalVision UK\",\"isPartOf\":{\"@id\":\"https:\/\/legalvision.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg\",\"datePublished\":\"2022-11-07T13:45:26+00:00\",\"dateModified\":\"2022-11-14T06:48:02+00:00\",\"author\":{\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773\"},\"description\":\"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.\",\"breadcrumb\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827543330\"},{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827579890\"}],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage\",\"url\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg\",\"contentUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg\",\"width\":861,\"height\":565,\"caption\":\"What Does Labour\u2019s New Workers\u2019 Rights Bill Mean for Employers? | LegalVision UK\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/legalvision.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Intellectual Property Articles\",\"item\":\"https:\/\/legalvision.co.uk\/category\/intellectual-property\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"What Do I Need to Know About Licencing my IP Rights in the UK\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/legalvision.co.uk\/#website\",\"url\":\"https:\/\/legalvision.co.uk\/\",\"name\":\"LegalVision UK\",\"description\":\"LegalVision is a commercial law firm in the UK with a commitment to innovation\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/legalvision.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773\",\"name\":\"Fiona Prior\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/legalvision.co.uk\/wp-content\/uploads\/sites\/4\/2022\/06\/cropped-cropped-cropped-LV-round-square-2-96x96.png\",\"contentUrl\":\"https:\/\/legalvision.co.uk\/wp-content\/uploads\/sites\/4\/2022\/06\/cropped-cropped-cropped-LV-round-square-2-96x96.png\",\"caption\":\"Fiona Prior\"},\"description\":\"Fiona is a Legal Content Writer for LegalVision UK. She is a qualified barrister and lawyer with an interest in immigration and human rights. Fiona has written extensively for LegalVision on Intellectual Property. Qualifications: Bar Professional Training Course, The Manchester Metropolitan University, Masters Degree, LLM in Human Rights and Criminal Justice, Queen's University, Belfast, Bachelor's Degree, LLB Law, Queen Mary University of London\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/fiona-prior-30481162\/\"],\"url\":\"https:\/\/legalvision.co.uk\/author\/fionaprior\/\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827543330\",\"name\":\"What is IP licensing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This means you formally agree to another business using your intellectual property in exchange for a fee. You should draw up the exact details of the agreement carefully to ensure all appropriate restrictions are in place.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827579890\",\"name\":\"What types of IP can be licensed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can license any type of intellectual property. Therefore, if you own a trade mark, patent, copyright, design rights or any other intellectual property, you can form a licensing agreement for this property.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What you need to know about licensing IP rights | LegalVision UK","description":"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/","og_locale":"en_GB","og_type":"article","og_title":"What you need to know about licensing IP rights | LegalVision UK","og_description":"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.","og_url":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/","og_site_name":"LegalVision UK","article_publisher":"https:\/\/www.facebook.com\/LegalVision","article_published_time":"2022-11-07T13:45:26+00:00","article_modified_time":"2022-11-14T06:48:02+00:00","og_image":[{"width":861,"height":565,"url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg","type":"image\/jpeg"}],"author":"Fiona Prior","twitter_card":"summary_large_image","twitter_creator":"@LegalVision_law","twitter_site":"@LegalVision_law","twitter_misc":{"Written by":"Fiona Prior","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#article","isPartOf":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/"},"author":{"name":"Fiona Prior","@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773"},"headline":"What Do I Need to Know About Licencing my IP Rights in the UK","datePublished":"2022-11-07T13:45:26+00:00","dateModified":"2022-11-14T06:48:02+00:00","mainEntityOfPage":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/"},"wordCount":828,"image":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg","keywords":["small business","licence agreement","intellectual property rights","intellectual property solicitor"],"articleSection":["Intellectual Property Articles"],"inLanguage":"en-GB"},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/","url":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/","name":"What you need to know about licensing IP rights | LegalVision UK","isPartOf":{"@id":"https:\/\/legalvision.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage"},"image":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg","datePublished":"2022-11-07T13:45:26+00:00","dateModified":"2022-11-14T06:48:02+00:00","author":{"@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773"},"description":"You may wish to go about licensing your IP rights. If so, you need to ensure you know what this means which is covered in this article.","breadcrumb":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827543330"},{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827579890"}],"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#primaryimage","url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg","contentUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122316\/business-image-0522197.jpg","width":861,"height":565,"caption":"What Does Labour\u2019s New Workers\u2019 Rights Bill Mean for Employers? | LegalVision UK"},{"@type":"BreadcrumbList","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/legalvision.co.uk\/"},{"@type":"ListItem","position":2,"name":"Intellectual Property Articles","item":"https:\/\/legalvision.co.uk\/category\/intellectual-property\/"},{"@type":"ListItem","position":3,"name":"What Do I Need to Know About Licencing my IP Rights in the UK"}]},{"@type":"WebSite","@id":"https:\/\/legalvision.co.uk\/#website","url":"https:\/\/legalvision.co.uk\/","name":"LegalVision UK","description":"LegalVision is a commercial law firm in the UK with a commitment to innovation","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/legalvision.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773","name":"Fiona Prior","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/legalvision.co.uk\/wp-content\/uploads\/sites\/4\/2022\/06\/cropped-cropped-cropped-LV-round-square-2-96x96.png","contentUrl":"https:\/\/legalvision.co.uk\/wp-content\/uploads\/sites\/4\/2022\/06\/cropped-cropped-cropped-LV-round-square-2-96x96.png","caption":"Fiona Prior"},"description":"Fiona is a Legal Content Writer for LegalVision UK. She is a qualified barrister and lawyer with an interest in immigration and human rights. Fiona has written extensively for LegalVision on Intellectual Property. Qualifications: Bar Professional Training Course, The Manchester Metropolitan University, Masters Degree, LLM in Human Rights and Criminal Justice, Queen's University, Belfast, Bachelor's Degree, LLB Law, Queen Mary University of London","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-prior-30481162\/"],"url":"https:\/\/legalvision.co.uk\/author\/fionaprior\/"},{"@type":"Question","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827543330","name":"What is IP licensing?","acceptedAnswer":{"@type":"Answer","text":"This means you formally agree to another business using your intellectual property in exchange for a fee. You should draw up the exact details of the agreement carefully to ensure all appropriate restrictions are in place.","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/licensing-ip-rights\/#faq-question-1667827579890","name":"What types of IP can be licensed?","acceptedAnswer":{"@type":"Answer","text":"You can license any type of intellectual property. Therefore, if you own a trade mark, patent, copyright, design rights or any other intellectual property, you can form a licensing agreement for this property.","inLanguage":"en-GB"},"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/178128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/users\/13353"}],"replies":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/comments?post=178128"}],"version-history":[{"count":8,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/178128\/revisions"}],"predecessor-version":[{"id":178303,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/178128\/revisions\/178303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media\/3256"}],"wp:attachment":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media?parent=178128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/categories?post=178128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/tags?post=178128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}