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More about licensing

Through the use of licensing agreements, successful businesses give other businesses or individuals the right to use any or all of the following intellectual property, assets, or systems:

• trade names,
• specific manufacturing processes or technology,
• technical procedures,
• selling methods,
• special equipment,
• services, and/or
• products.

In some cases, the granting business also teaches individuals (i.e. licensees) to use its methods, and follow established technical procedures. It may even make available the necessary equipment and supplies for establishing and operating the licensed business. Some companies also offer new business owners the right to operate using the company's trade names.

A classic example of successful licensing occurs in the pharmaceutical business. Manufacturers of pharmaceuticals and/or owners of patents grant a license to companies or individuals to produce and sell its medicines and other pharmaceuticals within a given territory. These cases usually involve the granting of manufacturing processes and trade names and do not cover the operation of the entire business.

Today very few businesses can be licensed. Contact us to learn if your business can be licensed.