Intellectual Property Licenses and Their Functions

Dyan Gershman is a highly skilled corporate lawyer who leads Gershman Law, PLLC, in New York City. She has extensive expertise in a variety of areas, including partnerships, mergers and acquisitions, and commercial contracts. In addition to her expertise in these areas, Dyan Gershman also has a wealth of knowledge in the field of intellectual property (IP) law, including the licensing of patents, copyrighted materials, registered and unregistered designs, and confidential know-how.

When it comes to licensing IP, it’s important to remember that a license is essentially a contract between the party holding the intellectual property and the party seeking to use it. This contract outlines the terms and conditions that both parties must follow when it comes to the use of the intellectual property. It also includes provisions for what should happen if the licensee infringes on the licensor’s intellectual property rights.

Negotiating a license agreement can often be a lengthy and complex process, as both parties work to reach an agreement on the specific terms of the contract. However, the goal of any such license is to create a mutually beneficial situation for both the licensor and licensee, helping to avoid costly and time-consuming legal disputes. By working with an experienced lawyer, businesses can ensure that their IP licensing agreements are well-crafted and protect their interests.