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Patent Licensing
What is the least time consuming way to turn my investment in a patent application into a financial return?- I don’t have the finances to have my product designed and manufactured… how can I make money out of it?
- I know a number of companies that would love to get their hands on my technology but how do I get them to pay for it?
- This product needs to go global but where do I start?
Licensing your intellectual property is an effective way to quickly establish a return on investment and to leverage expansion of your business. A licence agreement is a contract in which the patent owner gives permission to a licencee to commercialise or use their technology in exchange for payments (e.g. in the form of a one-off payment, royalties or both).
However, negotiating a licence agreement is often a minefield and many entrepreneurs fail to maximise returns by accepting unfavourable licensing arrangements. One of our senior commercialisation advisers, Dr John Baxter, who has over 30 years experience in licensing intellectual property, has been interviewed on patent licensing and provided a case study on IP Australia’s website.
Baxter IP’s licensing strategy session is a unique advisory service aimed at properly equipping entrepreneurs for licensing negotiations. In your strategy session, we will help you develop a licensing strategy that you can take with you to the negotiating table. Having a proper licensing strategy could easily improve your position by tens if not hundreds of thousands of dollars. During the session, we will discuss issues in relation to your licence agreement, such as manufacturing and sales territories, licence fees, royalty rates, funding for intellectual property protection, exclusivity and associated key protection terms.
Baxter IP also offers a Licensing Brief service in which we prepare a Licensing Brief outlining your position on important commercial aspects of the forthcoming licensing negotiations. Once prepared, your Licensing Brief can be taken to an appropriately experienced intellectual property solicitor to simplify preparation of a licence agreement.
If you are interested in gaining assistance from one of our experienced commercialisation advisers, please let your attorney know. Unlike meetings with our attorneys, all meetings with commercialisation advisers are charged at their hourly rate.
Testimonials
"I contacted Baxter IP following a previous fruitless, lengthy and expensive experience with one of the large specialist IP firms in a previous business.I have now engaged Baxter IP for two projects, one simple, and one complex. In both cases Chris has demonstrated his talent for rapidly gaining a depth of subject understanding and a grasp of the important issues prior to producing and lodging highly regarded patent documents
I have no hesitation in recommending Baxter IP."
"After receiving an introduction to Chris from a highly respected and successful VC, I found Chris to be a very professional and gifted operator who sincerely desires to deliver a first class job. Upon seeking his opinion on a very detailed and complex matter, I found him to be thoughtful, thorough and able to grasp the vision behind what I asked him to advise me on"
"Thank you for your professionalism and service with providing Focus Driving School with its first Trademark. We received the Certificate of Registration yesterday and we are all very excited about it. We look forward to implementing the R symbol on our stationary and have displayed the Certificate in our office."
"We decided to invest in a patent for our LC888 window lock. Baxter IP assisted us with the process which can be very involved, their advice was helpful and we would recommend their services."
"We recently engaged Baxter IP to manage and direct our Intellectual Property needs. We found Chris to be very responsive, committed and diligent in his approach to providing us with direction to matters that became urgent. Chris demonstrated that he could offer creative solutions to solve problems and meet some very tight deadlines. To achieve this it is evident that Chris has valuable skills and knowledge that can only be gained through extensive experience. Chris is currently preparing a global strategic direction for the Popcake suite of products. Chris comprehended future issues, and there are numerous conflicting factors, and reported these to Board of Directors without ambiguity and clear future corporate direction."
"I cannot recommend Chris Baxter's skills as a patent attorney highly enough. Chris' strength lies with his ability to work closely with the inventor. Too many patents are open to unlicensed use because a clever copier can avoid infringement by exploiting weaknesses in an invention's specification and claims. Avoiding these weaknesses requires the ability to foresee alternative ways in which the invention could be used without infringing the patent."
"I am very pleased with the result of Chris Baxter's work and would highly recommend him to anyone seeking to own intellectual property. My product was quite basic and the chance of getting a certified innovation patent certificate was slim. My first attempt was unsuccessfull however with Chris's expert knowledge, he was able to remove the grounds of objection and the claim got accepted. I received the news from him on New Year's Eve which made a great start to this year. Great work Chris!"
"We approached Baxter IP to work with us on the registration of a patent. During Chris's preliminary searches he found a similar product already in the marketplace that our searches failed to find. Although we were unable to patent our product, Chris's honesty and professionalism saved us thousands of dollars in unnecessary searches and registration fees. If you are looking for a Patent Attorney, I would highly recommend Baxter IP"
"It is distinctly reassuring to have someone as meticulous as Jon handling your work; you know your patent will be water tight. He possesses a sharp legal mind and crafts strong, broad and eloquent claims. His skills, in combination with his willingness to listen to feedback and iterate to perfection make him an exceptional choice."
