Licensing services for the right to use other intellectual property products
CPC v2.1 Code: 7339
About licensing services for the right to use other intellectual property products
cpc code 7339 covers the licensing services for the right to use other intellectual property products. This industry plays a crucial role in the broader economy by facilitating the transfer and utilization of valuable intellectual property assets. Businesses and individuals across various sectors rely on these licensing services to access and leverage innovative technologies, creative works, and other protected intellectual property, driving economic growth and fostering innovation.
Production process
The main production techniques in this industry involve the negotiation, drafting, and administration of licensing agreements. Licensing professionals work closely with intellectual property owners, such as 7311 Architectural services and 5414 Specialized design services, to establish the terms and conditions under which the intellectual property can be used. This includes determining royalty rates, usage restrictions, and other contractual provisions to ensure the rights of both the licensor and the licensee are protected.
Production inputs
The key inputs required for this industry include a deep understanding of intellectual property laws, negotiation skills, legal expertise, and a network of relationships with intellectual property owners and potential licensees. Licensing professionals also rely on specialized software and databases to manage the licensing process, track royalty payments, and monitor compliance with the terms of the agreements.
Production outputs
The primary output of this industry is the licensing services that enable businesses and individuals to legally use various forms of intellectual property, such as patents, trademarks, copyrights, and trade secrets. The licensed intellectual property can then be used to develop new products, enhance existing offerings, or create derivative works. The outputs of this industry are consumed by a wide range of industries, including 3341 Computer and peripheral equipment manufacturing, 5112 Software publishers, and 5121 Motion picture and video industries.
Family tree for licensing services for the right to use other intellectual property products
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/v2-1/7339'>7339: Licensing services for the right to use other intellectual property products</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/v2-1/7334'>7334: Licensing services for the right to use trademarks and franchises</a>"]
C --> I["<a href='/classifications/cpc/v2-1/7335'>7335: Licensing services for the right to use mineral exploration and evaluation</a>"]
D --> J["<a href='/classifications/cpc/v2-1/73390'>73390: Licensing services for the right to use other intellectual property products</a>"]
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