IP commercialization is an important way in which IP contributes to the knowledge economy. IP is a “power tool” for economic development and wealth creation. IP value can be generated through royalty income. Royalties represent future revenues in exchange for the exploitation of the IP right. IP could be commercialized by means of the following agreements.
IP commercialization is an important way in which IP contributes to the knowledge economy. IP is a “power tool” for economic development and wealth creation. IP value can be generated through royalty income. Royalties represent future revenues in exchange for the exploitation of the IP right. IP could be commercialized by means of the following agreements.
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