Businesses should consider licensing agreements as a viable alternative to manufacturing or an outright sale of the business asset. Licensing deals can be highly complex. Transferring ownership to other companies or individuals entails many possibilities that are best navigated with the assistance of an experienced lawyer.
A well-crafted licensing agreement can secure your financial future. Proper handling of licensing agreements requires a balanced understanding of business and law. An insightful lawyer is prepared to help clients avoid giving away too much flexibility in a licensing agreement.