For example, the brand and trademark licensing allow the licensee to use it in specific geographical regions or for a specified period. This type of licensing depends on specific contractual forms. A licensee is required to pay a considerable amount of money to obtain permission to be able to do business using patent products, processes, or services.īrand and trademark licensing is a type of licensing in which a licensor permits the licensee to distribute his products using his brand name. Patent licensing is one of the most expensive licensing. Several companies get patent their technology and other products that they don’t want anyone else to use without their consent. Patent licensing is a licensing that a licensor gives to the licensee to grant permission to conduct patent activities.
DIFFERENT TYPES OF LICENSES FOR SOFTWARE LICENSE
For example, one is required to purchase the license to be able to use its operating system.
DIFFERENT TYPES OF LICENSES FOR SOFTWARE INSTALL
A user can install the software on the number of devices for which he has bought the license. Mass licensing is a licensing that is used by individuals to be able to apply for software on personal computers. Let us learn about different types of licensing one by one. There can be different types of licensing that can be used to acquire licenses of different kinds of products and services. On the other hand, IBM, a giant company, has recently licensed its various technology patents only a few years back, and it is generating approximately $1 billion of its total annual revenue through licensing. The New York Based company generates its direct profit by the sales of women’s clothing only. Their designer name is used by various makers of perfume, innerwear, jeans, men’s apparel, etc. makes 90% of its total annual profit through licensing its designer name. There are several examples of giant companies that are generating huge profits by licensing their designer’s names, products, and services. It can be a small percentage in sales and the percentage increases with the increased value. The license fee varies depending on the demand for your product and service in the market. In this way, you can get a share in profit generated by other companies by letting them use your licensed products and services. Licensing is a great way to enter into that existing production, distribution, and markets that other companies might spend decades to establish their business. You can boost your profit by licensing your intellectual properties like trademarks, designs, and copyrights to other companies. Licensing is one of the few profitable ways to grow your business. The features can be real estate property, personal possessions, or intellectual properties like trademarks, patents, and copyrights Meaning of licensing Licensing can be defined as a contract or agreement between two companies, where one company permits another company to manufacture its products under specified conditions and for a specified payment.Īnother definition of licensing can be stated as an agreement or contract between two companies where the owner of one company let the other company use its property under pre-decided specific parameters.
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