Licensing services for the right to use other intellectual property products
CPC v2.1 Code: 73390
About licensing services for the right to use other intellectual property products
cpc code 73390 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 commercialization of various forms of intellectual property, such as patents, trademarks, and copyrights. These licensing services enable businesses and individuals to leverage the value of their intangible assets, fostering innovation, creativity, and economic growth across multiple sectors.
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 to determine the appropriate terms and conditions for granting usage rights to third parties. This may include setting royalty rates, defining the scope of the license, and establishing enforcement mechanisms to protect the intellectual property rights.
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 potential licensees. Licensing professionals must stay up-to-date with the latest industry trends, technological advancements, and market dynamics to effectively match intellectual property owners with suitable licensees. Additionally, access to databases and research tools that provide information on intellectual property portfolios and market conditions are essential inputs for this industry.
Production outputs
The primary output of this industry is the licensing of intellectual property rights, which enables the use of patents, trademarks, copyrights, and other intangible assets by third parties. The licensed intellectual property can be used in a wide range of industries, including 31000 Manufacturing, 51000 Information, and 54000 Professional, Scientific, and Technical Services. The revenue generated from these licensing agreements can provide a significant source of income for intellectual property owners and contribute to the overall economic value of their assets.
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>"]
D --> E["<a href='/classifications/cpc/v2-1/73390'>73390: Licensing services for the right to use other intellectual property products</a>"]
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