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 exchange and utilization of intangible assets, which are increasingly important in the modern, knowledge-based economy. By enabling the temporary use of patents, trademarks, franchises, and other intellectual property, this sector supports innovation, technology transfer, 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. This typically includes identifying suitable intellectual property assets, assessing their market value, and establishing the terms and conditions for their temporary use by third parties. Specialized legal and financial expertise is often required to structure these complex transactions and ensure compliance with relevant regulations.

The main inputs for this industry are the intellectual property assets themselves, which can include patents, trademarks, copyrights, franchises, and other intangible rights. Additionally, the industry relies on legal professionals, financial analysts, and administrative staff to facilitate the leasing process. Access to a broad network of potential licensees, as well as market intelligence on the demand and pricing for different types of intellectual property, are also important inputs.

The primary output of NACE code 77.4 is the temporary use of intellectual property rights by other entities, such as businesses in 46.1 Wholesale on a fee or contract basis, 62.0 Computer programming, consultancy and related activities, or 72.1 Research and experimental development on natural sciences and engineering. This allows these organizations to leverage valuable intangible assets without the need for outright ownership, thereby enhancing their competitiveness and innovation capabilities.