Chuck Brodsky DC | Types of Licensing Agreements

There are several types of licensing agreements, each with different levels of IP protection. Industry leaders including Chuck Brodsky DC convey that exclusive licenses grant the licensee the sole right to use the technology within a specified market, while non-exclusive licenses allow multiple parties to license the same technology. Understanding these differences is critical when negotiating terms to ensure that IP is adequately protected.

In the case of coating technologies, exclusivity can be beneficial in protecting market share and preventing competitors from using the same IP. However, non-exclusive agreements may provide broader reach and more flexibility. It is important to balance these factors carefully when structuring the licensing deal, especially regarding territorial restrictions, duration, and sublicensing rights.