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Licensing -Ask an Expert

Intellectual Property can be successfully commercialised through licensing.  A licence is a contractual agreement to specify what the licensee is permitted to do and the terms and conditions applying.  This will usually include any royalties and/or an amount of any payment to be paid to the licensor (the IP owner).  There are numerous pitfalls for the unwary to be found in the detailed operational rules that form part of many licence contracts.

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