Larsen Law Offices, LLC, a Denver, Colorado law firm, provides legal assistance to a diverse and dynamic array of business and corporate clients throughout the United States through effective, innovative, and practical approaches to individual business industries. Larsen Law™ represents companies from a variety of industries including healthcare, software, medical and technology – specializing in contracts for technology transfer, software licensing, systems agreements and more.
Colorado Licensing Attorney Susan Larsen
A license is a right to use someone else’s property or enjoy a portion of their rights of ownership. Licenses may be for the use of another’s Trademark, invention or process, property, or other property or rights. I can help you prepare Licensing Agreements for your company’s use or review and negotiate other company’s Licensing Agreement to your advantage prior to execution by your company.
To find out how an experienced Transaction Attorney from Larsen Law Offices, LLC can assist you with your Licensing Agreement, please contact us at (303) 520-6030.
A Licensing Agreement does not transfer title or convey ownership, in fact, a properly drafted Licensing Agreement should specifically disclaim the transference of title. A Licensing Agreement is only the limited right to use, and typically only under the specific circumstances and conditions set forth in the Licensing Agreement itself, for the amount of money and duration of time detailed in the license.
A well drafted Licensing Agreement may, or may not, carry the right to sublicense the property to others, will state the length of time the license is valid, what territory the license applies to, detail any other rights or restrictions the parties have agreed to, enumerate any provisions regarding the acts of third-parties, and state how and when the license will be terminated. A non-exclusive Licensing Agreement enables the owner of the property to increase profits through multiple sales channels while still maintaining ownership.
Other factors to consider before finalizing a Licensing Agreement are whether or not, and under what circumstances, your property might be combined with other property, such as, for example, an embedded data base, what prohibited uses you need to stipulate in advance, any warranties you may want to make regarding your asset, any limitations of your liability should be carefully detailed, and whether or not your asset should be covered by a Services Agreement.
If you are considering letting another use your property, be sure to distinguish between the proper forms such allowances can take, as a lease, a license, a rental and even a Non-Disclosure Agreement are not created equally and all carry different considerations with them.
I have over 30 years of business law experience and have been a licensed Colorado attorney since 2002. I serve clients across the United States with legal issues including contracts, business law, healthcare and other aspects of doing business today. Whether your business is just getting started, or has been established for many years, reach out to my law firm today to talk about your legal issues and concerns. I can be reached at (303) 520-6030.