In 2013, the U.S. Patent & Trademark Office estimated that intellectual property (IP) (such as patents, trademarks, copyrights, industrial design rights, trade dress and trade secrets) add more than $5 trillion in value to the U.S. economy.
Fillmore Spencer LLC helps your enterprise make the most of its IP by registering, maintaining, protecting and enforcing it, but also by providing counsel and advice on the licensing the use of these revenue-producing assets to others.
Businesses that require or want to use technology and other IP assets to attain or maintain a competitive edge generally deploy one or a combination of three approaches:
Licensing is often the best way to go: it can get your product launched sooner and offers a high reward with minimum investment. Then, too, licensing may be necessary to facilitate various aspects of franchising, strategic alliances, or joint ventures.
IP transfer licenses can benefit licensees by:
IP transfer licenses can benefit licensors by:
A technology licensing agreement enables an enterprise to enter a foreign market quickly, posing fewer financial and legal risks than owning and operating a manufacturing facility or participating in a joint venture overseas. Licensing also permits U.S. firms to overcome many export-hampering tariff and nontariff barriers.
Our licensing and technology attorneys counsel enterprises on all aspects of licensing. We conduct due diligence, draft and negotiate complex agreements, and resolve disputes between parties related to the acquisition, licensing, and use of patents, copyrights, trademarks, and other IP. We also provide confidentiality agreements to protect business and technical disclosures during the negotiations and thereafter.
Fillmore Spencer LLC provides legal counsel and representation that effectively asserts and defends an enterprise’s competitive rights while remaining mindful of its budgetary resources. To learn more about how we may be the perfect complement for your business, call (801) 874-3657 or schedule an appointment by contacting us online.