Licensing basics

Key terms: exclusive / sole / non-exclusive; territory; field of use; term; upfront fee and royalty base (net sales, per unit); minimum royalties; improvements; who prosecutes and enforces; audit rights; termination. A licence out turns a patent into revenue; a licence in (including from public research bodies via NRDC) can shorten your product roadmap.

IP BANK India handles listings and introductions; agreements are drafted as a professional service.