TAG-UCB is closely linked to the Licensing Executives Society - Arab Countries, a regional society of Licensing Executives Society as part of TAG-Org member institutions. With this linkage, research at TAG-UCB is encouraged to be of a commercial value. Through licensing of intellectual property resulting from research, patenting is an important area of innovation as a means for job creation and wealth generation.
Intellectual Property (IP) is a term used to describe the products of human ingenuity, which can be owned and dealt with as a form of property due to a body of laws relating to patents, trademarks, industrial designs, copyright, plant breeder's rights and chip protection legislation. These laws give the IP owner the right to prevent others from using the invention or other subject matter related to the IP without its owner's permission.
There is an analogy between the way one can use a real property, such as a house, and the way one can use an IP. For instance, one can protect oneself from the physical environment in the premises of one's house in the same way as one can protect oneself from the competitive environment by operating within one's own Intellectual Property Rights (IPRs). Moreover, one can rent out one's house as one can license one's IP and allow others to use it at a specified cost. Finally, one can sell one's house just as one can sell an IPR through a process known as an assignment.
A Licensing Agreement is a partnership between an IPR owner (Licensor) and one who is authorized to use such Piers (Licensee), in exchange for an agreed payment (Royalty Fee).
Licenses can be either 'exclusive' or 'non-exclusive'. An exclusive license grants the Licensee the right to use the IP to the exclusion of all others including the Licensor; however, in the case of a 'non-exclusive' license, the licensor can license the same IP while maintaining rights to the IP. It is also possible for a license to be a 'sole' license in which case the Licensor reserves the IPRs to him/herself.
You can't license someone your idea because the ideas can be copied unless they are either covered by some form of IPR or if the person has received the information upon a confidentiality agreement. If you want to license an idea, it must either be covered by a patent application or some other IPR or alternatively, the idea must have been received by the intended purchaser in confidence. Given that it is generally difficult to get a potential purchaser to agree to receive confidential information from a stranger, it is therefore usual in practice to file for some IP form.
To license your idea that you have filed a patent application or an application for some other IP form of protection Firstly, make inquiries from the industry itself to know whether the idea may be applicable or in fact original. This may involve conducting a patent search, which can be done initially on the Internet. If you are confident that your idea is new, then your next step should be to identify the particular advantages your idea may offer to users, or manufacturers. You also need to highlight any disadvantages that it may have. The following step is to identify the market sector(s) that your idea may offer most value to.
License your IP
To find someone to license your IP for you, you can do the following:
After identifying the appropriate market sector(s) which your idea will aim to target, the next step you should take is to organize a list of the names of companies that are active in that particular market or which have complementary skills and resources so that they could readily to enter that market.
It is quite common for a License Agreement to include one or more of the following components: An up-front payment; a running royalty; and a minimum royalty. The exact details of the consideration are usually the subject of negotiation between both parties. There are no hard and fast rules as to what is reasonable. What is important in a license is that each party receives a fair proportion of the profit derived from the IPRs exploitation.
LES-Arab Countries can help you in licensing your technology
LES-Arab Countries (LES-AC) is a society consisting of individuals involved in the profession of licensing and other aspects of Technology Transfer and IPRs. By becoming a member of LES-AC, you can access the knowledge and resources of LES-AC, LES International and all the world's regional societies. As a member, you will receive the quarterly journal of LESI, Les Nouvelles, which contains informative articles about licensing and related topics. In addition, you will also receive a copy of the Membership Directory containing details of membership in LES national groups around the world, accessible by name, name of company, as well as by geographical location. You will also be updated with details of LES annual meetings around the world where you can meet other members and exchange ideas and experiences. You can also access the "Members-Only" section of this website, along with LES website, which yield a considerable amount of material regarding the licensing and commercialization of IP
The overall process by which knowledge is moved from its origin for the purpose of direct use or commercialization in order to reach the world market place in the form of new or improved products, processes, or services, resulting in economic and social prosperity.
The benefits of Academic Technology Transfer efforts
The licensing of innovations by universities, hospital learning centers, research institutes and patent management firms, known as Academic Technology Transfer, refunds and supports the economy by creating new industries and opening new markets. Most importantly, Technology Transfer has led to the creation of new products and services that improve our quality of life.
The public beneficiary from university-industry partnerships
When industries license technologies from universities, continuing collaborative partnerships will often help new discoveries to be transferred from the laboratory to the marketplace. Partnerships enable researchers who make initial discoveries to participate in further developments. Generally, the involvement of the original creators in the continued development of the technology will significantly reduce the time to actual commercialization.