What are the consequences of licensing intellectual property?

What are the consequences of licensing intellectual property?

Licensing intellectual property can lead to increased revenue, but it also involves risks like loss of control.

Can you explain how licensing can affect innovation?

Licensing can foster innovation by allowing access to new technologies, but it may also stifle competition.

What are some common pitfalls in licensing agreements?

Common pitfalls include vague terms, lack of exclusivity, and not considering future market changes.

How can businesses protect themselves when licensing?

Businesses should ensure clear contracts, conduct due diligence, and consider legal advice to protect their interests.

Are there any examples of successful licensing deals?

Yes, companies like Microsoft and Disney have successfully leveraged licensing to expand their brands and revenue.