Licensing services for the right to use trademarks and franchises
CPC v2.1 Code: 7334
About licensing services for the right to use trademarks and franchises
cpc code 7334 covers the licensing services for the right to use trademarks and franchises. This industry plays a crucial role in the broader economy by enabling the distribution and commercialization of intellectual property. Franchising and trademark licensing allow businesses to expand their reach, leverage established brand recognition, and access proven business models, making it an important driver of economic growth and entrepreneurship.
Production process
The main production techniques in this industry involve the negotiation and management of licensing agreements. This includes assessing the value of the intellectual property, determining the terms and conditions of the license, and ensuring compliance with relevant laws and regulations. Licensing professionals also provide support services such as trademark registration, brand management, and ongoing contract administration.
Production inputs
The key inputs required for this industry include legal expertise, market research, and a deep understanding of intellectual property rights. Licensing professionals must have a strong grasp of contract law, trademark and franchise regulations, and the competitive landscape within their respective industries. They also rely on data and analytics to evaluate the potential market demand and financial viability of licensing opportunities.
Production outputs
The primary output of this industry is the licensing of trademarks, patents, and franchise rights to businesses and individuals. These licensing agreements enable the use of intellectual property in exchange for royalties or other fees. The outputs of this industry are then consumed by a wide range of other industries, such as 5411 Legal Services, 5412 Accounting, Tax Preparation, Bookkeeping, and Payroll Services, and 4231 Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers.
Family tree for licensing services for the right to use trademarks and franchises
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/73'>73: Leasing or rental services without operator</a>"]
B --> C["<a href='/classifications/cpc/v2-1/733'>733: Licensing services for the right to use intellectual property and similar products</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7334'>7334: Licensing services for the right to use trademarks and franchises</a>"]
C --> E["<a href='/classifications/cpc/v2-1/7331'>7331: Licensing services for the right to use computer software and databases</a>"]
C --> F["<a href='/classifications/cpc/v2-1/7332'>7332: Licensing services for the right to use entertainment, literary or artistic originals</a>"]
C --> G["<a href='/classifications/cpc/v2-1/7333'>7333: Licensing services for the right to use R&D products</a>"]
C --> H["<a href='/classifications/cpc/v2-1/7335'>7335: Licensing services for the right to use mineral exploration and evaluation</a>"]
C --> I["<a href='/classifications/cpc/v2-1/7339'>7339: Licensing services for the right to use other intellectual property products</a>"]
D --> J["<a href='/classifications/cpc/v2-1/73340'>73340: Licensing services for the right to use trademarks and franchises</a>"]
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