Leasing of intellectual property and similar products, except copyrighted works

NACE code 77.4 covers the leasing of intellectual property and similar products, excluding copyrighted works. This industry plays a crucial role in facilitating the transfer and utilization of intangible assets, which are increasingly important in today's knowledge-based economy. By enabling the licensing and rental of patents, trademarks, franchises, and other intellectual property, this sector supports innovation, technology diffusion, and the efficient allocation of resources across various industries.

The core activities within NACE code 77.4 involve the negotiation and management of licensing agreements, royalty payments, and other contractual arrangements related to the use of intellectual property. This typically includes the identification of suitable intellectual property assets, the assessment of their market value, the structuring of licensing terms, and the ongoing administration of the leasing or rental contracts.

The primary inputs required for this industry are a portfolio of intellectual property assets, such as patents, trademarks, copyrights, and trade secrets. Additionally, the industry relies on specialized legal and financial expertise to navigate the complex regulatory environment and ensure the proper valuation and management of these intangible assets. Access to a broad network of potential licensees or renters is also a key input, as it allows for the effective matching of intellectual property with suitable users.

The main output of NACE code 77.4 is the leasing or rental of intellectual property rights to various end-users, including 62.0 Computer programming, consultancy and related activities, 72.1 Research and experimental development on natural sciences and engineering, and 82.3 Organization of conventions and trade shows. By facilitating the transfer of intellectual property, this industry supports the broader economy by enabling the diffusion of innovation, the creation of new products and services, and the enhancement of productivity across a wide range of sectors.