Issue link: https://htpgraphics.uberflip.com/i/116731
How can IP be commercialised? ConcernAssignment Value Section 1 Licence 3 3 Often you know exactly how much you are going to get for your IP and you will make a quick return with no continuing obligations. However, selling your IP may provide you with the least return in the longer term, as IP tends to become more valuable as it is developed further and commercialised. 7 7 Fixing the sale price for your IP may be difficult if you have not yet exploited your IP. As a result, you may be at risk of selling your IP at an undervalue. If you think that your IP is very high risk and it will be difficult to commercialise successfully – then this may be your best option as at least you will be getting something in return. By allowing someone to use your IP, you minimise your capital investment and risk and maximise the return you will get on your IP by creating an income stream, whilst still retaining control over your IP and the parties you are allowing to use it. The percentage return you get on your IP, when you allow someone else to use it, will be less than if you were to commercialise your IP yourself, as the proceeds of commercialisation will be shared with the third party. 7 You can also use licensing as a tool to enter into new markets and countries which you might not be able to reach without the assistance of a local licensee. Licensing is often the ideal middle way for you to adopt when you do not have the resources to exploit your IP, giving additional financial return on it. 3 3 8