Dallas Know-How Licensing Attorneys
If you have specialized knowledge, protect your hard-earned experience through a know-how license. Know-how licenses allow you to lease out your expertise while protecting your rights. Through this type of license, process knowledge or other expertise can potentially be licensed so that you can profit from trade secrets involving know-how.
At Gagnon, Peacock & Vereeke, P.C., we know that knowledge is power. Our attorneys are here to help you protect your experience and use it to your benefit. We remain dedicated to helping you preserve and profit from your intellectual property. A know-how license is just another way that we are able to help you to protect your valuable assets. When you are ready to speak with a member of our team about protecting your expertise, call us today at (214) 824-1414 for a free case evaluation.
Do I Need a Know-How Licensing Lawyer?
If you want to draft a contract that accounts for the complexity of your situation, you need an experienced intellectual property lawyer. A licensing agreement permits the intellectual property owner to retain essential rights while allowing other people to use the product.
The know-how agreement is complicated and has many different variables. Know-how licenses should include the scope of the agreement, the length of time it will last, whether it is exclusive, performance warranties, defense and indemnity provisions, and other factors. To avoid a potential lawsuit and ensure that the agreement is enforceable, an experienced professional should manage the drafting of this type of contract.
Why Choose Gagnon, Peacock & Vereeke, P.C. to Handle My Case?
Gagnon, Peacock & Vereeke, P.C. has been representing individuals and businesses with intellectual property issues for decades. Our team is dedicated to listening, providing practical information to our clients, and considering potential issues or roadblocks down the line. We know our clients entrust us with sensitive information, which is why we are committed to the highest quality of customer service.
Attorney Aaron P. Peacock is a patent attorney, and he has expertise in technical and business areas, having obtained a bachelor’s degree in Electrical Engineering as well as an MBA and a law degree. Mr. Peacock uses his training and experience in the technical, legal, and business realms to advise clients and assist them in protecting the valuable property they have developed. This includes know-how licenses and hybrid licenses involving know-how and other types of intellectual property such as patents. Mr. Peacock is involved in the Dallas Bar Association, the Federalist Society, and the Institute of Electrical and Electronics Engineers, to name some of his community and professional ties.
Perhaps the idea of a know-how license is new to you, or you have been thinking about it for some time. Either way, we at Gagnon, Peacock & Vereeke, P.C. are happy to offer a free consultation for your matter. Call us at (214) 824-1414 or chat with us on this website so that we can begin to assist you. We look forward to our conversation and working relationship with you.
What Is a Know-How License?
Know-how refers to trade secrets and unfiled patents, as well as research notes and other information that informs others how to use a patent or software. Often, know-how is licensed with something else, such as a patent for a drug or a piece of software. A know-how contract is essentially an add-on that can assist with processes and similar issues when a user is attempting to put a patent or software to use.
A know-how license involves providing a means for a user to have access to information that has otherwise been kept a secret that will assist with the use of other licenses. It may, for instance, help a user fully understand an invention while a patent license allows the user to infringe on the claims of a licensed patent, a know-how license grants information necessary or useful to commercialize the patented invention.
Know-How Licensing Details
Know-how contracts are complicated. If you are considering having one drafted, here are some issues that your lawyer may discuss with you:
- Tailored Know-How Licenses: Your lawyer will tailor your know-how license to the particular circumstances and issues that apply to your situation. Legal professionals will account for the complexity of the invention and the value of the information.
- Laws That Govern: While federal and state law governs patent law, federal statutes do not offer protections for know-how licensing. Your attorney will address the best way to safeguard know-how under state law.
- Key Provisions in a Know-How License: The relevant provisions include how the definition, transfer, the value and condition of royalties paid, the length of the license and how it will be terminated, and confidentiality and non-disclosure provisions to protect the know-how.
- Time Limitations: A patent license is subject to time limitations, but know-how licenses are not. Whether the known-how license should be a different length of time, have various royalties, or a single payment must be negotiated based on the value of the know-how.
- Transferability: You can choose to have the license transferred to affiliates or other licensees.
- Ownership of Developments: Provisions in the agreement should address who owns modifications to the contract itself and the development of new intellectual property using the know-how.
An attorney at Gagnon, Peacock & Vereeke, P.C. will be able to assist you in preparing a know-how license agreement that covers all of these issues and provides you with the best protection possible.
Call Our Dallas Know-How License Attorneys Today
Know-how licensing involves complex issues that you may not be able to deal with on your own. Please do not wait to get in touch with our knowledgeable attorneys so we can assist you with any know-how licensing needs you may have. Call us today to learn more about what we can do for you. Chat us on this website or give us a call at (214) 824-1414.