New Industrial Designs Licence
If you have created an industrial design for a product, it is important to be aware that it will generally constitute a bundle of different intellectual property rights. Most common among these rights will be copyright, design rights, and registered designs.
If you want to grant licences to other parties to manufacture that product, the licence will thus need to cover all of those rights, meaning that a standalone licence for, say, copyright or design rights will not be sufficient.
New Industrial Designs Licence Agreement Template
Our newest addition to our range of intellectual property licence agreements is designed for just such a situation. The Industrial Designs Licence bundles together registered designs, design rights, and copyright under the heading of an “industrial design”, granting a licence to use the IP subsisting in the product and any accompanying design documents in order to produce and sell the product within a defined territory.
Payment takes the form of an initial fee plus quarterly royalties, and a range of other key provisions address important issues such as confidentiality, the application of your trade mark(s) to the finished products, warranties, indemnities, and more.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.