What is licensing?
At its simplest, licensing is a business arrangement whereby a person or organisation (the legal owner of the IP) permits another person or organisation access to the IP Rights. This can either be for a commercial return or not, depending on how we want to disseminate our academic knowledge and if we want to commercially exploit it or not.
A license can either give temporary access rights or we can assign it altogether and give up ownership. We should think very carefully about the latter because once we assign rights, we can no longer legally use it and would need to seek permission from the new owner if we changed our mind.
Licensing our IP is a common method of knowledge exchange as it creates new business opportunities, reduces risk for everyone and can allow a continuous income stream. Entering into a licensing agreement typically:
Get in touch
Pursuing a licensing opportunity can only be approved via the Innovation Panel Process. Please contact your Business Development Relationship Manager to progress.
For additional information related to licensing, please visit the Licensing Guide of the UK Intellectual Property Office.