Trademarks, copyrights, and rights of publicity can all be licensed to companies who are willing to pay for use of your intellectual property. Licensing intellectual property can be a significant source of revenue for your business. Not only is there an immediate financial benefit, but it also allows you to expand your brand into other geographic areas and reach different demographics of customers, which can have significant positive impact in the growth of your business.
Licensing
SCIP oversees the licensing process, including licensing compliance services, ensuring that your licensees are not exceeding the scope of authorization granted in the license. If you are interested in obtaining a license, SCIP can facilitate that process as well, and provide guidance on how to make the most of that intellectual property to the full extent permitted by the agreement.
Assignments
You may also choose to assign the rights to your intellectual property portfolio either in part or in full. Assignments operate as a sale of your property with a full transfer of ownership, as opposed to a license agreement where you give permission to another to use your property with constraints, but your business retains ownership. Assignments can be incredibly beneficial to your business in certain instances such as when you have a brand that no longer fits with the identity or direction of your business. Assignments are also essential when you are acquiring the IP of others. SCIP offers services that benefit assignors (those assigning their IP), assignees (those acquiring the IP of another), or both.
Agreements
Chances are your business has a multitude of different contracts whether it be with employees, independent contractors, vendors, customers, licensees, or assignees. At Sullivan & Carter, we handle the preparation and enforcement of your contracts to ensure that your intellectual property is protected.
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