The use of licensing to exploit intellectual property rights is an extremely important aspect of strategic asset management.   Townsend and Banta has the knowledge, experience and skills necessary to maximize the return on intellectual property rights, including tax considerations, while ensuring that the licensing transaction does not violate the antitrust and unfair competition laws or render the intellectual property rights unenforceable.   Our members are technically trained and are aware of common licensing practices in particular industries, as well as understand the pitfalls and traps involved in licensing, to enable transactions to be completed rapidly and correctly.

Townsend & Banta can provide direct assistance in drafting and negotiation of patent license agreements (PLAs) as well as other technology transfer agreements including cooperative research agreements.   A determination of the value of the technology to the customer must be established to assist in negotiation of the terms of a PLA.