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TECHNOLOGY LICENSING / ASSIGNMENT

Definition: The granting of permission to use intellectual property rights, such as trademarks, patents, or technology, under defined conditions.

Types of Licensing

  1. Exclusive License
  2. Non-exclusive License
  3. Sole License
  4. Cross Licenses
  5. Assignment
  6. Outright Sale (selling out your IP rights)

Fee/Charges for Licensing Activities

  1. Licensing fee
  2. Royalty
  3. Other benefits (e.g. access to resources and facilities of the organization that has license to commercialize the R&D intellectual property)

Requirements/Process

  • Letter of intent from the third party
  • If the third party is a company, form 24 and 49 are required.
  • Negotiation on types of licensing, royalty and ownership of IP (as related matter in 4.1)
  • A simple business plan/blue print of the business
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http://www.utm.my/icc/services/commercialisation/technology-licensingassignment