Business Licensing Concerns
Santa Clarita Business Lawyer Handling Intellectual Property & Branding Matters
Intellectual property in all forms, such as brand names, technological applications, manufacturing processes, and more, is often defined and controlled by licenses. A business license is essentially an agreement that allows a third party to use the intellectual property of a holder for their own use and benefits. As defining what is and what is not the intellectual property of one party can be a challenge, licensing it out to others is often more difficult still, even for multimillion dollar corporations.
At Poole & Shaffery, LLP, companies large and small can find the business support and legal guidance they should expect from highly-acclaimed Santa Clarita business lawyers. With an AV® Preeminent™ Rating from Martindale-Hubbell® and
Super Lawyers® Rising Stars℠ on staff, Poole & Shaffery, LLP has the ability, experience, and respect necessary to manage any business licensing case.
Dial (888) 595-5963 to connect with the firm today.
Preparing for Commercialization
A business can grow exponentially when it uses proper licensing agreements and successfully commercializes its products. This process must be done in accordance to numerous business law regulations and meet strict standards, set by state, federal, and even international legal groups. A single mistake could delay the process and cost a company profits or the opportunity to expand its influence.
When creating a business licensing agreement for commercialization, the following must be considered:
- Market objectives and projections
- Licensee restrictions
- Possible territory conflicts
- Product quality control expectations
- Licensing payments or exchanges
- Royalties for continued use
Business law is often seen as the most complicated form of law due to how intricate regulations can be made. Each licensing agreement will be unique, formed to the needs and demands of all interested parties. Only with the help of a legal professional who has dedicated his or her career to business law and litigation can business licensing be completed without high risk of failure.
Delegating Costs & Forming New Images
Startup companies often do not have the funds to build a new business identity from scratch. Licensing agreements allows them the one-of-a-kind opportunity to cut their operation costs while still producing the same-quality products they had intended. The licensor may gather profits and an empowered reputation simply by selling or lending their product or brand name to the licensee. When done correctly, business licensing should be a win-win scenario.
Contact the Santa Clarita business law attorneys from Poole & Shaffery, LLP to begin in confidence.