Licensing & Sale of IP

The sale or licensing of IP to third parties is usually the preferable route to monetise the IP, unless the inventor has an interest in starting a company to commercialise the IP. The revenues generated through the sale or licensing transaction is shared between the inventors and the university, in accordance with the university’s IP policy  and in alignment with the IPR Act and Regulations.

UKZN InQubate will work with you with to identify potential licensees and negotiate the terms of licensing taking into account the following:

Considerations
What IP?
Software, design, copyright, trade secret, patent, trademark, music, song etc.
Contract
Term, termination, releases, diligence (performance), records and reporting.
Limitations
Geographical, FieId of use.
Payment Formula
Annual minimum Royalty Rates.
Degree of exclusivity
Non-exclusive, perpetual, exclusive, sole, right to sublicense.
Rights Licensed
Improvement Rights; Right to enforce Patents; Assignment rights.