Licence agreements enable a party to use the intellectual property of another party for a fee without obtaining ownership of that intellectual property. Licence agreements can be limited by time and geography, such as granting a licence with respect to Australia only or worldwide.
Licence agreements can also be used within a group of companies. For example, a holding company in the group could be the owner of the intellectual property with subsidiary companies entering into licence agreements for the use of that intellectual property for a fee. Such an arrangement could protect the valuable intellectual property of the group from third party claims in the event of insolvency of a subsidiary and have taxation benefits by allowing the subsidiaries to claim the costs of the licence agreement as cost of business.
Rowe Bristol Lawyers is experienced in advising clients with respect to licence agreements, including:
- considering and advising on suitability of licence agreements with respect to a client’s circumstances;
- considering and advising on terms of licence agreements, including with respect to rights and obligations, payments and taxation consequences;
- liaising with specialist practitioners, such as in relation to taxation consequences (if necessary in the circumstances); and
- advising and representing the client with respect of disputes in relation to breach of licence agreements.
If you require legal advice in relation to licence agreements, please do not hesitate to contact us to arrange a meeting so that we may consider your specific circumstances.
The above information is provided as general information only and should not be relied upon as legal advice. The accuracy of this information may have changed from the date when it was published.