A licensing agreement can be defined as a type of written contract that grants the permission to use an invention, a trademark or a creative work to the other party. The license comes in the form of a medium for the creators or the investors to get maximum profits from their creative work or invention while avoiding the cumbersome task of personally manufacturing and selling the copies of their work or invention. Licensing an invention or a creative work to a certain company enables the creator to get money in the form of royalty in exchange for granting the permission of producing, using or selling copies of the same invention or work to the company. Like all other agreements, even licensing agreements can end up in court therefore making it necessary to get the services of a Licensing Agreement Attorney MA
Why Get the Services of Licensing Agreement Lawyers?
Consulting a licensing attorney Massachusetts is very important for individuals who are in doubt regarding the permissions being granted in a licensing agreement. For the ones who are a bit apprehensive about the term of the agreement and the fees or money exchanged in the agreement, it is necessary to get the services of a licensing agreement lawyer.
