Technology licensing contracts features and diversity

Given the nature of knowledge and characteristics of the intellectual property rights system, technological transactions tend to be governed by contracts that are costly and not highly profitable. This explains why there are so few technology licensing agreements. However, in some situations, privat...

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Bibliographic Details
Published inInternational review of law and economics Vol. 18; no. 4; pp. 451 - 489
Main Authors Bessy, Christian, Brousseau, Eric
Format Journal Article
LanguageEnglish
Published Sevenoaks, Kent, U.K Elsevier Inc 01.12.1998
Butterworths
Elsevier Science Ltd
Subjects
Contracts
Innovation
Intellectual property
Licences
Licenses
Licensing
Property rights
Public policy
Studies
Technology
France
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Summary:Given the nature of knowledge and characteristics of the intellectual property rights system, technological transactions tend to be governed by contracts that are costly and not highly profitable. This explains why there are so few technology licensing agreements. However, in some situations, private and specific institutions tend to enable property rights to be more precise, knowledge transfers to be easier, and technology licensing agreements to be less complex to design and to run. This explains why there is a concentration of technology licensing agreements in some industries and in some relational situations. These shed light on the design of firms’ strategies to valorize intellectual assets and of public policies to stimulate innovation and diffusion.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:0144-8188
1873-6394
DOI:10.1016/S0144-8188(98)00018-0