[ Licences ]

Developing new markets – without the need for investment.

Someone who owns industrial property rights does not need to exploit them himself. The proprietor can also issue licences. This makes it possible to develop new markets without having to invest.

This is because a licence gives the licensee the right to make commercial use of the subject matter of the intellectual property right either alone (exclusive licence) or parallel to other licensees (non-exclusive licence).

[ More on licences ]