{"id":179356,"date":"2023-01-30T05:43:59","date_gmt":"2023-01-30T05:43:59","guid":{"rendered":"https:\/\/legalvision.co.uk\/?p=179356"},"modified":"2023-04-20T03:33:20","modified_gmt":"2023-04-20T02:33:20","slug":"benefits-licensing-ip-rights","status":"publish","type":"post","link":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/","title":{"rendered":"How Licensing Your IP Rights Can Strengthen Your Business in the UK"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Intellectual<\/span> <span style=\"font-weight: 400\">property<\/span> <span style=\"font-weight: 400\">rights<\/span> <span style=\"font-weight: 400\">are<\/span> <span style=\"font-weight: 400\">crucial<\/span> <span style=\"font-weight: 400\">tools<\/span> <span style=\"font-weight: 400\">for<\/span> <span style=\"font-weight: 400\">any<\/span> <span style=\"font-weight: 400\">business<\/span> <span style=\"font-weight: 400\">in<\/span> <span style=\"font-weight: 400\">the<\/span> <span style=\"font-weight: 400\">UK<\/span><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">They<\/span> <span style=\"font-weight: 400\">provide<\/span> <span style=\"font-weight: 400\">the<\/span> <span style=\"font-weight: 400\">owner<\/span> <span style=\"font-weight: 400\">of<\/span> <span style=\"font-weight: 400\">the<\/span> <span style=\"font-weight: 400\">IP<\/span> <span style=\"font-weight: 400\">rights<\/span> <span style=\"font-weight: 400\">with<\/span> <span style=\"font-weight: 400\">exclusivity<\/span> <span style=\"font-weight: 400\">over<\/span> <span style=\"font-weight: 400\">usage<\/span> <span style=\"font-weight: 400\">and<\/span> <span style=\"font-weight: 400\">the<\/span> <span style=\"font-weight: 400\">power<\/span> <span style=\"font-weight: 400\">to<\/span> <span style=\"font-weight: 400\">challenge<\/span> <span style=\"font-weight: 400\">others<\/span> <span style=\"font-weight: 400\">with<\/span> <span style=\"font-weight: 400\">legal<\/span> <span style=\"font-weight: 400\">action<\/span><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">Licensing<\/span> <span style=\"font-weight: 400\">IP<\/span> <span style=\"font-weight: 400\">rights<\/span> <span style=\"font-weight: 400\">allow<\/span> <span style=\"font-weight: 400\">you<\/span> <span style=\"font-weight: 400\">to<\/span> <span style=\"font-weight: 400\">permit<\/span> <span style=\"font-weight: 400\">others<\/span> <span style=\"font-weight: 400\">to<\/span> <span style=\"font-weight: 400\">use<\/span> <span style=\"font-weight: 400\">your<\/span> <span style=\"font-weight: 400\">exclusive<\/span> <span style=\"font-weight: 400\">rights<\/span> <span style=\"font-weight: 400\">under<\/span> <span style=\"font-weight: 400\">certain<\/span> <span style=\"font-weight: 400\">conditions<\/span> <span style=\"font-weight: 400\">and<\/span> <span style=\"font-weight: 400\">for<\/span> <span style=\"font-weight: 400\">a<\/span> <span style=\"font-weight: 400\">fee<\/span><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">A<\/span> <span style=\"font-weight: 400\">licence<\/span> <span style=\"font-weight: 400\">agreement<\/span> <span style=\"font-weight: 400\">can<\/span> <span style=\"font-weight: 400\">be<\/span> <span style=\"font-weight: 400\">beneficial<\/span> <span style=\"font-weight: 400\">both<\/span> <span style=\"font-weight: 400\">financially<\/span> <span style=\"font-weight: 400\">and<\/span> <span style=\"font-weight: 400\">also<\/span> <span style=\"font-weight: 400\">for<\/span> <span style=\"font-weight: 400\">the<\/span> <span style=\"font-weight: 400\">reputation<\/span> <span style=\"font-weight: 400\">of<\/span> <span style=\"font-weight: 400\">your<\/span> <span style=\"font-weight: 400\">business<\/span><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\">This<\/span> <span style=\"font-weight: 400\">article<\/span> <span style=\"font-weight: 400\">will<\/span> <span style=\"font-weight: 400\">discuss<\/span> <span style=\"font-weight: 400\">the benefits of licensing<\/span> <span style=\"font-weight: 400\">your<\/span> <span style=\"font-weight: 400\">IP<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">What is IP?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Intellectual property, also known as IP, are intangible assets often owned by businesses. IP rights that stem from this are valuable assets for a business to possess and can take many different forms, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">trade marks;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">patents;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">copyright; and<\/span><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/what-are-design-rights\/\"><span style=\"font-weight: 400\">design rights<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">IP rights apply to intangible property, but you can still sell or licence them the same way as physical property. If your business chooses to sell intellectual property, the ownership of the property completely transfers to the buyer. In contrast, granting an IP licence allows the licence holder to still maintain ownership. However, licensing grants others permission to use the IP in agreed ways that would otherwise be deemed an infringement of your business\u2019 IP rights.<\/span><\/p>\n    <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\n<h2><span style=\"font-weight: 400\">What is a Licensing Agreement?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">A licence agreement is a contract between two parties that permits the licensee to use the IP of the licensor in agreed ways for a determined fee.<\/span><\/p>\n<div class=\"box box--icon box--info\">\n<p><span style=\"font-weight: 400\">For example, Starbucks and Nestl\u00e9 entered into a licensing agreement in 2018 which allowed Nestl\u00e9 to manufacture and sell Starbucks packaged tea and coffee across multiple countries across the world. The deal was worth over $7 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The size of this deal reflects the idea that IP rights are often the most valuable part of your business.<\/span><\/p>\n<\/div>\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\/179356#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\/179356' \/><\/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='RgrydHybGezZiqm7IvEhmWy1zsqyhHca5NN8HbnMKZvH2xH3oepSKwonS47gA2PJTEIbpaPcO9Ul14V0DVKFA6McSnIKDTuyWElpXJVqkBRQ8c8=' \/>\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><span style=\"font-weight: 400\">Benefits of Licensing Your IP Rights<\/span><span style=\"font-weight: 400\">&nbsp;<\/span><\/h2>\n<p><span style=\"font-weight: 400\">One major benefit of licensing your IP is that it will increase your distribution and often provide your business with a greater geographical reach. This will not only allow you to widely distribute your products but will also increase your visibility among consumers.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">If your business produces a high-quality product that consumers purchase across the globe, your business\u2019 reputation will be impacted in a positive way. This can be particularly useful if you are considering building momentum behind your brand before the launch of new products, designs or services.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you are a small business, licensing could also assist you in taking advantage of the licensee\u2019s manufacturing links. As a small business, you may not have built up an established method of mass production for your product. Therefore, licensing can help you to produce a higher volume of products than you would otherwise be able to produce.<\/span><\/p>\n<div class=\"box box--icon box--star\">\n<p><span style=\"font-weight: 400\">Licensing is a form of generating income without losing your assets. The stronger your brand, the greater your intellectual property will be worth. If your business is well established, your IP rights will carry a higher price tag.<\/span><\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">For example, suppose your logo is a <\/span><a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/have-to-register-trade-mark\/\"><span style=\"font-weight: 400\">registered trade mark<\/span><\/a><span style=\"font-weight: 400\">. In that case, you could enter into a licensing agreement to allow another brand to use your trade mark on their products as a collaboration of the two businesses.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Drawing Up a Licensing Agreement<\/span><\/h2>\n<p><span style=\"font-weight: 400\">You should draft licensing agreements with great care and attention to detail. It is highly advisable to obtain a professional legal opinion and instruct an intellectual property solicitor to draft the final contract. Otherwise, you risk overlooking key details necessary to protect your business interests.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, you may wish for your contract to have a <\/span><a href=\"https:\/\/legalvision.co.uk\/commercial-contracts\/when-use-nda\/\"><span style=\"font-weight: 400\">non-disclosure agreement<\/span><\/a><span style=\"font-weight: 400\"> within it. A non-disclosure agreement is important when protecting your business\u2019 confidential information. This would then be enforceable with legal action if the licensee were to breach it.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Key Takeaways<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Intellectual property rights are important assets to businesses in the UK of any size. They provide exclusivity over your intellectual property meaning only your business can use it. A licensing agreement is a contract that allows the licensee to use the licensor\u2019s IP rights in agreed ways for an agreed fee. <\/span><span style=\"font-weight: 400\">Your business can benefit from licensing your IP rights to others as it allows you to expand your geographical reach for the distribution of your products or services and build your reputation.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you need help or advice around a licensing agreement, our 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<h2><span style=\"font-weight: 400\">Frequently Asked Questions<\/span><\/h2>\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1675057159438\"><strong class=\"schema-faq-question\"><strong>How does a company benefit from licensing its intellectual property?<\/strong><\/strong> <p class=\"schema-faq-answer\">A company can benefit from financial income from licensing through the agreed fee between both parties. You can also benefit from building your brand and reputation across a wide market and increasing distribution.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1675057200649\"><strong class=\"schema-faq-question\"><strong>How does intellectual property promote business growth?<\/strong><\/strong> <p class=\"schema-faq-answer\">Intellectual property helps a brand build its reputation and creates legal protection for that business against competitors. Intellectual property is a useful tool in creating a consistent brand strategy that will ultimately increase consumer trust and grow your business.<\/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=\"9eb4f72322\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/api\/wp\/v2\/posts\/179356\" \/>            <input value=\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\" type=\"hidden\" name=\"currenturl\"\n                   id=\"currenturl\">\n            <input value=\"How Licensing Your IP Rights Can Strengthen Your Business 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>Intellectual property rights are crucial tools for any business in the UK. They provide the owner of the IP rights with exclusivity over usage and the power to challenge others with legal action. Licensing IP rights allow you to permit others to use your exclusive rights under certain conditions and for a fee. A licence<a href=\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\">Continue reading <span class=\"sr-only\">&#8220;How Licensing Your IP Rights Can Strengthen Your Business in the UK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":13353,"featured_media":3235,"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":"175413,176013,178509,4497,1306,4182","_relevanssi_noindex_reason":"","editor_notices":[],"footnotes":""},"categories":[38],"tags":[20,21,330,1199,1220],"class_list":["post-179356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-intellectual-property","tag-small-business","tag-medium-business","tag-licence-agreement","tag-licensing-intellectual-property","tag-assign-ip"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits to Licensing Your IP Rights | LegalVision UK<\/title>\n<meta name=\"description\" content=\"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.\" \/>\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\/benefits-licensing-ip-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits to Licensing Your IP Rights | LegalVision UK\" \/>\n<meta property=\"og:description\" content=\"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-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=\"2023-01-30T05:43:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T02:33:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"923\" \/>\n\t<meta property=\"og:image:height\" content=\"692\" \/>\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\/benefits-licensing-ip-rights\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\"},\"author\":{\"name\":\"Fiona Prior\",\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773\"},\"headline\":\"How Licensing Your IP Rights Can Strengthen Your Business in the UK\",\"datePublished\":\"2023-01-30T05:43:59+00:00\",\"dateModified\":\"2023-04-20T02:33:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\"},\"wordCount\":859,\"image\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg\",\"keywords\":[\"small business\",\"medium business\",\"licence agreement\",\"licensing intellectual property\",\"assign IP\"],\"articleSection\":[\"Intellectual Property Articles\"],\"inLanguage\":\"en-GB\"},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\",\"url\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\",\"name\":\"Benefits to Licensing Your IP Rights | LegalVision UK\",\"isPartOf\":{\"@id\":\"https:\/\/legalvision.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg\",\"datePublished\":\"2023-01-30T05:43:59+00:00\",\"dateModified\":\"2023-04-20T02:33:20+00:00\",\"author\":{\"@id\":\"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773\"},\"description\":\"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.\",\"breadcrumb\":{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057159438\"},{\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057200649\"}],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage\",\"url\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg\",\"contentUrl\":\"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg\",\"width\":923,\"height\":692,\"caption\":\"Do I Need to Follow Money Laundering Rules?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-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\":\"How Licensing Your IP Rights Can Strengthen Your Business 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\/benefits-licensing-ip-rights\/#faq-question-1675057159438\",\"name\":\"How does a company benefit from licensing its intellectual property?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A company can benefit from financial income from licensing through the agreed fee between both parties. You can also benefit from building your brand and reputation across a wide market and increasing distribution.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057200649\",\"name\":\"How does intellectual property promote business growth?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Intellectual property helps a brand build its reputation and creates legal protection for that business against competitors. Intellectual property is a useful tool in creating a consistent brand strategy that will ultimately increase consumer trust and grow your business.\",\"inLanguage\":\"en-GB\"},\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Benefits to Licensing Your IP Rights | LegalVision UK","description":"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.","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\/benefits-licensing-ip-rights\/","og_locale":"en_GB","og_type":"article","og_title":"Benefits to Licensing Your IP Rights | LegalVision UK","og_description":"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.","og_url":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/","og_site_name":"LegalVision UK","article_publisher":"https:\/\/www.facebook.com\/LegalVision","article_published_time":"2023-01-30T05:43:59+00:00","article_modified_time":"2023-04-20T02:33:20+00:00","og_image":[{"width":923,"height":692,"url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.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\/benefits-licensing-ip-rights\/#article","isPartOf":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/"},"author":{"name":"Fiona Prior","@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773"},"headline":"How Licensing Your IP Rights Can Strengthen Your Business in the UK","datePublished":"2023-01-30T05:43:59+00:00","dateModified":"2023-04-20T02:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/"},"wordCount":859,"image":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg","keywords":["small business","medium business","licence agreement","licensing intellectual property","assign IP"],"articleSection":["Intellectual Property Articles"],"inLanguage":"en-GB"},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/","url":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/","name":"Benefits to Licensing Your IP Rights | LegalVision UK","isPartOf":{"@id":"https:\/\/legalvision.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage"},"image":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage"},"thumbnailUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg","datePublished":"2023-01-30T05:43:59+00:00","dateModified":"2023-04-20T02:33:20+00:00","author":{"@id":"https:\/\/legalvision.co.uk\/#\/schema\/person\/6b01dab4461b6cc0d93030ab7605f773"},"description":"There are several benefits to licensing your IP rights in the UK, both financial and reputational. We explore key benefits for your business.","breadcrumb":{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057159438"},{"@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057200649"}],"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#primaryimage","url":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg","contentUrl":"https:\/\/img.legalvision.com.au\/wp-content\/uploads\/sites\/4\/2022\/05\/24122211\/business-image-0522176.jpg","width":923,"height":692,"caption":"Do I Need to Follow Money Laundering Rules?"},{"@type":"BreadcrumbList","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-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":"How Licensing Your IP Rights Can Strengthen Your Business 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\/benefits-licensing-ip-rights\/#faq-question-1675057159438","name":"How does a company benefit from licensing its intellectual property?","acceptedAnswer":{"@type":"Answer","text":"A company can benefit from financial income from licensing through the agreed fee between both parties. You can also benefit from building your brand and reputation across a wide market and increasing distribution.","inLanguage":"en-GB"},"inLanguage":"en-GB"},{"@type":"Question","@id":"https:\/\/legalvision.co.uk\/intellectual-property\/benefits-licensing-ip-rights\/#faq-question-1675057200649","name":"How does intellectual property promote business growth?","acceptedAnswer":{"@type":"Answer","text":"Intellectual property helps a brand build its reputation and creates legal protection for that business against competitors. Intellectual property is a useful tool in creating a consistent brand strategy that will ultimately increase consumer trust and grow your business.","inLanguage":"en-GB"},"inLanguage":"en-GB"}]}},"_links":{"self":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/179356","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=179356"}],"version-history":[{"count":3,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/179356\/revisions"}],"predecessor-version":[{"id":180546,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/posts\/179356\/revisions\/180546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media\/3235"}],"wp:attachment":[{"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/media?parent=179356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/categories?post=179356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalvision.co.uk\/api\/wp\/v2\/tags?post=179356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}