Your business is near and dear to you and the other founders who created it. An effective licensing or tech transfer plan could help you retain control of your company while taking it to the next level.
Licensing and tech transfer are both excellent options for business professionals who wish to embark on other projects but who also wish to retain complete control over their original business. There is a large market of companies and people interested in “leasing” the goods or services your company provides for use in their own day-to-day operations. This lease-like relationship is known as “licensing” or “technology transfer.” Licensing and technology transfer let you choose the way your customers use your goods and services through a contractual relationship. If you have particular needs or wishes that you wish to emphasize, these points may be listed within the body of the contract and negotiated with your clients.
Elliott & Davis, PC is armed with a team of lawyers who are well-versed in technology transfer and licensing. We can draft and negotiate licensing agreements that fit your particular needs. Contact us today to learn how our licensing and tech transfer skills can help you.