New Orleans, Louisiana Licensing Agreement Lawyer

Lemler IP is proud to serve clients from New Orleans, protecting their intellectual property from exploitation. Lemler IP uses extensive knowledge and skill in all aspects of negotiating, reviewing, and preparing license agreements while creating a comprehensive intellectual property licensing strategy. Lemler IP works with clients to optimize their profitability regarding intellectual property licenses. Lemler IP appreciates the value of a useful idea. Lemler IP will explore all means to realize the potential of clients’ work by licensing it out to other parties. If you need a New Orleans licensing agreement lawyer to guide you through issues that may arise from licensing a patent, trademark, copyright, or any other intellectual property, contact Lemler IP today.

Do I Need a Lawyer to Help With Licensing Agreement Issues?

A license allows you to retain ownership of your intellectual property while granting others the right to utilize, manufacture, market, sell and distribute your work. You have the right to license patents, trademarks, copyrights, and other work deemed intellectual property. A licensing agreement can provide exclusivity, confidentiality, indemnification, sublicensing opportunities, territory, time frame, patent policing, and royalty specifications. These are all important issues that arise with intellectual property licenses and should be addressed in the agreement.

Drafting Your License Agreement

There is a multitude of factors that you must consider when drafting a licensing agreement. The first thing you should consider as one who is offering a license is the scope of the agreement. Licensing assigns limited use rights for a property. Obviously, if you can, you should keep ultimate ownership rights while setting a proper scope that will entice others to want to obtain your license, and limiting it so that others cannot exploit it is quite important.

It is also very important to consider the terms controlling revenue streams generated by licensing your invention. You have many options, including a one-time licensing fee or recurring payments like royalties. In some agreements, the licensee agrees to cover the maintenance fees. In addition to these important first steps, you must consider the term of the license, prohibited uses, transfer and sublicense rights, and more. To best protect your rights, reach out to a competent licensing agreement lawyer from Lemler IP to fight for you.

Enforcement of Licensing Agreements

Licensing agreements are binding contracts. When a party breaches a contract, the other engaged party may be able to sue for damages. Like other breach of contract cases, one of the parties suffered a loss of some type or damages as a result of the breach. This may include money, time, opportunity, and anything else that impacted a party. In intellectual property, a loss could be from infringement, pirating, and even exploitation of the terms of the license grant. If you need a law firm to represent your interests, contact Lemler IP.

Contact a New Orleans Lawyer to Help With Your Licensing Agreement Issues

Lemler IP is proud to serve New Orleans inventors with quality legal services regarding intellectual property matters. Lemler IP has drafted, reviewed, and negotiated numerous licensing agreements for various clients. A licensing agreement can be a wonderful opportunity to see your idea come to fruition while you profit from your idea. Contact Lemler IP today.