Licensing 101: How to Turn Your IP Into Revenue Without Losing Control

Episode Summary: In this episode of Infringe at Your Own Risk, patent attorney Randall Bateman explains how inventors and business owners can turn their intellectual property into income through licensing, while retaining ownership and control. He breaks down the types of IP that can be licensed, the differences between exclusive and non-exclusive licenses, and practical strategies for protecting your rights. Randall also highlights key considerations to prevent misuse, maintain quality, and maximize the long-term value of patents, trademarks, copyrights, and trade secrets.

Key Timestamps Summary:

00:00 – How licensing can generate income without giving up ownership. 01:00 – Licensing as a way to lease your intellectual property to others while retaining rights. 02:30 – Factors to consider when deciding to license or assign your IP. 04:30 – How companies like Wilson used licensing to profit from their IP without producing products. 06:00 – How inventions can be licensed in different sectors for additional revenue. 08:30 – How collective licensing helps industries like technology and electronics. 10:00 – Patents, trademarks, copyrights, and trade secrets, with examples. 12:30 – Pros, cons, and strategic applications for each type. 15:00 – How the life of patents, trademarks, and copyrights affects licensing agreements. 16:30 – How to prevent misuse, protect trade secrets, and maintain trademark standards. 18:30 – Handling future inventions, company acquisitions, and brand reputation.

About the Show: Infringe at Your Own Risk features patent attorney Randall Bateman, who guides businesses and creators on how to protect and monetize their ideas. Each episode provides actionable legal insights to safeguard patents, trademarks, copyrights, and trade secrets while maximizing the value of intellectual property.