If you have a question you would like to ask, please send it to questions@labtoipo.com with a subject line of FAQ Question.
FAQs for [IP/NFT licensing]
How does a licensing agreement work? Projects that go forward as a licensing agreement follow a different path to those going forward as a Protégé Company that is taking on the production of the product under development. Commercial clients who wish to purchase the license to use the IP developed are issued with an NFT that gives them the rights to do so for a set period. i.e. The license is for a fixed period under specific terms. Part of the terms of the license will be that the licensee assigns any additional IP generated off of the back of the license, back to the project, and gives freedom to the original researchers to use such IP without hinderance.
Such additional IP is then considered to be a part of the IP licensed out subsequently, and the returns from such licensing are split proportionately between the originators (i.e. the original researchers and the subsequent additional research IP created by the initial licensees).
In this manner the value of the IP is enhanced by each subsequent licensee, and the contributing licensees obtain a fair return on their contribution subsequently.
Your question not there?, send it to questions@labtoipo.com with a subject line of FAQ Question.