Out-licensing is a term used in the industry to describe the process of licensing out a product or technology to another company for commercial use. This often involves the transfer of rights and intellectual property, allowing the licensee to produce and sell the product, while the licensor continues to own the intellectual property rights.
Out-licensing can be a valuable strategy for companies looking to generate revenue from their intellectual property, particularly if they lack the resources or expertise to fully commercialize the product themselves. By licensing the product to another company, the licensor can benefit from a share of the profits while avoiding the costs and risks of launching the product themselves.
Out-licensing is common in industries such as pharmaceuticals, where companies may license out a drug to another company for development and commercialization in a different market or geographical region. It is also used in technology and software, where companies may license out patents or software to other companies for use in their own products or services.
Overall, out-licensing can be a valuable tool for companies to monetize their intellectual property and expand their reach into new markets, helping to drive innovation and economic growth.
Out-License
Economy Term
Out-licensing is a term used in the industry to describe the process of licensing out a product or technology to another company for commercial use. This often involves the transfer of rights and intellectual property, allowing the licensee to produce and sell the product, while the licensor continues to own the intellectual property rights.
Out-licensing can be a valuable strategy for companies looking to generate revenue from their intellectual property, particularly if they lack the resources or expertise to fully commercialize the product themselves. By licensing the product to another company, the licensor can benefit from a share of the profits while avoiding the costs and risks of launching the product themselves.
Out-licensing is common in industries such as pharmaceuticals, where companies may license out a drug to another company for development and commercialization in a different market or geographical region. It is also used in technology and software, where companies may license out patents or software to other companies for use in their own products or services.
Overall, out-licensing can be a valuable tool for companies to monetize their intellectual property and expand their reach into new markets, helping to drive innovation and economic growth.