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Learn more about licensing trade secrets.
R&D is an expensive undertaking…especially for certain industries such as bio-sciences or pharmaceuticals. But sometimes your know-how, such as an R&D process, can turn into a licensable (and valuable) intellectual property that others can use to develop their IP.
One example is a small pharmaceutical company, who licenses its antibody R&D platform to other drug companies. In return for rights to use the R&D platform, licensees pay fees to use it and royalties on sales from each product incorporating its antibody technology.
In 2004, Dell faced a patent infringement lawsuit for selling its computers online. A small business claimed Dell violated its business method patent for selling a product internationally using the internet. How you do something – key processes and methods that give your business a competitive advantage – are valuable intellectual property. Some examples include […]
Information IP is what you know or do. It’s a niche market business that’s defined by what type of knowledge you are offering. Most information IP is protected under a copyright. In some cases, it’s a trade secret or know-how that’s protected as confidential information. Other types of information IP are intangible services, such as […]