Licensing Agreement Essay Example | Topics and Well Written Essays - 2000 words

Licensing Agreement - Essay ExampleThis is considered to be the first step of intellectual property. This report depart identify issues that Alarmz ltd might face by entering into an agreement with a Brazilian company and how set problems might be overcome. Introduction Alarmz Ltd is a company that prides itself with the use of technologically updated gondola alarms five eld running. We deliver and fit the top brands in car alarms including Clifford, Cobra, Hornet, Viper, Avital, Laserline and Autowatch and all forms of car alarm, parking sensors, audio, hid lighting and so on We also fit car accessories at amazingly low prices. Our specialty includes remote start and 2modal value car alarms and our clients are guaranteed excellent results. With the increase in car thefts and faulty vehicle tracking devices, there is a need to ensure that cars have well manufactured and functioning alarms. This has led to our company, Alarmz Ltd to create thinkings for the manufacture of a new tamper proof alarm. This alarm lead be designed in a way that minimizes chances of tampering by people who have malicious intentions with the car. This alarm system impart have features that entrust be different from other market alarms. In this quest, we were able to identify the Brazilian Company Redfern compound Optics (RIO) Inc as our preferred manufacturer. RIO Inc. is a company that is well known for the manufacture and development of optical and subsystems establish on Planar External Cavity Laser Technology (PLANEX). It distributes exclusive price-performance returns in energy, security, infrastructure, metrology, and other markets. The qualities of harvest-homes produced by RIO Inc are the best so far in the market. Cases of dissatisfaction by customers have been minimal. The distribution of their products is on a wide area scale, as they have adequate transportation that oversees distribution. This is therefore, the better option we have place to work with as a manuf acturing company. There is a need for Alarmz Ltd to enter into a licensing agreement with RIO Inc. A licensing agreement is necessary because, our company needs to protect its intellectual and invention rights. Since our company came up with an idea and wants to make the product a reality, we still need to have rights over the product as the inventors. Alarmz ltd allow for need to increase its revenue, and the product sewer do that. Making a licensing agreement ensures that Alarmz ltd the original inventors of the product enjoy the benefits of the product and are involved when an increase of price for the product is needed. A licensing agreement pull up stakes enable our company to increase visibility and access to our product under a trademark with RIO Inc. A licensing agreement will enable the product to bring attention to our company. This is an intellectual property that can start symbolic, when shared and used in the right way. Alarmz ltd needs to be careful in entering a l icensing agreement and adequate research should be done before with adequate legal guidance. The agreement is contractual between Alarmz ltd and RIO Inc., or any other company that we may choose to do business. In this agreement, RIO Inc. can exploit our product, process and manufacture it, but obliged to pay us royalty from the sale of the product. The licensing agreements will give Alarmz ltd enjoyment of benefits that will be achieved by the production and sale of the alarm. In creating a licensing agreement, we will give limitations to RIO Inc, who is not the