- Subject index
Intellectual Property (IP) is one of the most vital assets for any business organization. It is a domain not restricted to lawyers alone; it is a crucial area of concern for business organizations, managers, and corporate leaders. Intellectual Property and Business demonstrates how companies can deploy their IP not just as legal instruments but also as dominant and powerful financial assets, and as useful arsenal that can boost their business.
The book aims to provide a basic understanding of various forms of IP that business organizations need to protect, and to analyze and understand IP management and strategy through case studies. It highlights these aspects of IP management through the lens of both a lawyer and a business manager.
Chapter 9: Royalty and Intellectual Property
Royalty and Intellectual Property
The rewards for commercialization of IP can come in many forms. Ultimately, it is a matter for the parties to the transaction to determine what is most appropriate and reflects the needs and desires of each party. “Royalty” refers to a payment (a percentage of sales per unit) depending upon the productivity or use of the licensed IPR.
Royalty, in other words, is the return that an organization gets for licensing out its technology or assets to another organization. Companies like HP and IBM rake in billions of dollars ...