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Intellectual Property Licensing: A Profitable Business Tool for Disseminating Technology

[+] Author Affiliations
Dennis Rader

Rader Technology Licensing

Paper No. IMECE2004-60600, pp. 233-238; 6 pages
doi:10.1115/IMECE2004-60600
From:
  • ASME 2004 International Mechanical Engineering Congress and Exposition
  • Engineering/Technology Management: Safety Engineering and Risk Analysis, Technology and Society, Engineering Business Management
  • Anaheim, California, USA, November 13 – 19, 2004
  • Conference Sponsors: Safety Engineering and Risk Analysis Division, Technology and Society Division, and Management Division
  • ISBN: 0-7918-4720-9 | eISBN: 0-7918-4178-2, 0-7918-4179-0, 0-7918-4180-4
  • Copyright © 2004 by ASME

abstract

In an era of intense global competition, technology-based companies need effective strategies to generate additional revenues and high profit margins. Increasingly such companies are addressing this challenge by establishing new programs, or augmenting existing programs, to market their technologies more widely by outlicensing selected portions of their intellectual property (IP) portfolios. The prospective benefits of such programs are accompanied by new, but manageable, business risks. These risks can include, among other things, jeopardy to a company’s competitive position even when its technology is protected by one or more patents or is in the form of trade secrets, or a combination of the two. We will examine the use of technology outlicensing as a business tool and discuss the issues that a company should consider in establishing and managing a successful outlicensing program.

Copyright © 2004 by ASME

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