💼 A trade secret is generally unknown to the general public as well as the business circle and confers a benefit to the business owner. Some of the examples are information relating to a formula, pattern, device or other compilation of information that is used for a considerable period of time
Date: February 3, 2020
🗎 You have decided to license your Intellectual Property, you have met consensus with your prospective licensee, what do you do next?
⚖️ There are two major types of rights that can be vested upon the licensee namely exclusive and non-exclusive license. An exclusive license means that
💰That Intellectual Property can be commercialized for financial benefit. IP assets that may be capable of being monetized, whether through licensing or sale. A brand and its associated trademarks and domain names that a company has chosen to discontinue and not use, can be licensed to another third
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