IP Licenceswith expert lawyers

Intellectual property, or IP, refers to the intangible assets of a business. This can include things like brand names, logos, original content, and software code. Your IP is important because it forms part of your unique brand. If it falls into the wrong hands, it can threaten your competitive edge.

You can register ownership of IP in a number of ways, such as registering a trade mark with IP Australia. Owning your IP also means you can allow other people to use it for various purposes. For example, you may wish to license your IP and generate revenue from it. However, this kind of arrangement usually requires a separate written agreement known as an IP Licence Agreement.

An IP Licence Agreement is a legally binding contract that allows another party to use your IP under a licence. This means they can use your IP, subject to certain terms. For example, your IP Licence Agreement may require the licensee to pay you a portion of the profits made from using that IP. These terms can cover matters such as payment, licence scope, termination rights and liability protections. Read more about IP Licence Agreements here.

Every business is different, so it’s important that your legal documents reflect your specific needs. At Sprintlaw, our expert intellectual property lawyers can help draft an IP Licence Agreement that is tailored to your business and aligned with your requirements.

Licensing your IP can give you more flexibility while reducing the risk of overvaluing or undervaluing it. If your preferred revenue strategy is an ongoing income stream, licensing may be the most suitable option. A well-drafted licence agreement can also give the licensor the ability to terminate the agreement more easily if future payments are not made.

Our fixed-fee IP Licence packages start at $500 + GST. This includes an IP Licence drafted to meet your business’s requirements, phone consultations with a Sprintlaw lawyer, and one complimentary amendment to the final draft we provide.