Do I need an IP Licence Agreement?

Intellectual property is a valuable business asset that can be commercialised to earn a profit for your business. If you’re looking to sell the rights to use a product or work you’ve created, but want to keep ownership of the work itself, then you should use an IP Licence Agreement.

The use of works without a licence may constitute an infringement of intellectual property rights. If you’re planning on purchasing a licence to use someone’s else work as part of your business, you’ll want to document this clearly with IP Licence Agreement to protect your business.

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Should I use an assignment or a licence?

Got a great product you’re working on but don’t want to give it away forever? An IP Licence might suit your business needs better than an assignment of your intellectual property rights. Using a license will allow you to charge a fee for accessing or using the work, but you’ll still be the owner of the work. This can be useful for products such as membership platforms, or where you want to allow someone to use your work in a certain way for a limited time.

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Frequently Asked Questions

An IP Licence Agreement is a contract that governs the relationship between the creator of the work and the user. It gives the user rights to use the work without giving them ownership of the rights in the work. The agreement covers topics such as use, fees, duration, goodwill protection and termination.

Every situation is different, which is why you need expert advice from a commercial lawyer. We’re small business specialists, so you know you’re in safe hands with us.

We’ll consider your unique situation and let you know if we think this is right for your business.

Our head office is at Inspire Cowork – a coworking space in Sydney – but we also support flexible work for our team. Our lawyers can work from anywhere.

We use technology to come to you, wherever you’re located around Australia. Many of our clients work from home or at coworking spaces, just like us.

We communicate with our clients via phone, email and Zoom – whatever works best for you. There’s no need to meet face to face, but if you’re ever in the area you’re welcome to drop in!

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