Leasing of intellectual property and similar products, except copyrighted works

isic code 774 covers the leasing of intellectual property and similar products, excluding copyrighted works. This industry plays a crucial role in the broader economy by facilitating the distribution and monetization of intangible assets, such as patents, trademarks, and industrial designs. By enabling the licensing of these valuable intellectual properties, the 774 industry supports innovation, technology transfer, and the commercialization of new products and services across various sectors.

The main production techniques in the 774 industry involve the negotiation and management of licensing agreements. This typically includes identifying and evaluating intellectual property assets, determining appropriate licensing terms and conditions, drafting and executing contracts, and monitoring the usage and compliance of the licensed products or services. Specialized legal and financial expertise is often required to navigate the complex regulatory landscape and ensure the protection of intellectual property rights.

The key inputs for the 774 industry include a portfolio of intellectual property assets, such as patents, trademarks, industrial designs, and trade secrets. Additionally, the industry relies on legal and financial professionals with expertise in intellectual property law, contract negotiation, and asset valuation. Technological infrastructure, such as databases and licensing management platforms, may also be important inputs for efficient operations.

The primary output of the 774 industry is the licensing of intellectual property rights to third parties, who can then use the licensed assets to develop, manufacture, or distribute related products and services. The output of the 774 industry can be consumed by a wide range of other industries, including 10 Manufacture of food products, 20 Manufacture of chemicals and chemical products, and 26 Manufacture of computer, electronic and optical products.