License Clauses and Agreements
License Agreements used in the blockchain and cryptocurrency space can be difficult to execute given the novel uses of these technologies. Use License Agreements if:
● You want to provide usage rights to your blockchain and crypto-asset to another person or entity● You need to create an exclusive or non-exclusive agreement with another for use of your blockchain and crypto-asset● You want to provide usage rights to blockchain and crypto-asset within a specific geographical area● You need to set up a royalty agreement for use of your blockchain and crypto-asset● You want to provide usage rights, so another can reproduce your blockchain and crypto-asset
The most common types of blockchain and crypto-asset intellectual property include:
● Digital assets: This includes things like crypto-currencies (fungible tokens), crypto-assets (fungible (FTs) and non-fungible (NFTs) tokens) and dapps● Trademarks: A trademark license protects your blockchain and crypto-asset trademark and how and where it can be used● Copyrights: This protects original work including artwork, such as that associated with non-fungible tokens● Patent license: This protects what many would call an invention in the blockchain space● Trade secrets are considered intellectual property, but they generally cannot be licensed. You normally have to use non-disclosures to protect them
Technically, digital assets include anything in binary form to which you have some form of legal right. In the blockchain context these digital assets may include:
DAppsFungible Tokens, like Crypto-CurrenciesNon-Fungible Tokens, like Digital Art
We can help you develop and protect your digital assets with the specific context of your business
A trademark is a word, phrase, symbol, or design that distinguishes the source of products (trademarks) or services (service marks) of one business from its competitors. In order to qualify for patent protection, the mark must be distinctive. Whether you need a service mark, a trademark, or to protect your brand, we do the research on existing marks and make it easy to file and keep your unique ideas secure & protected.
Copyrights protect original works of authorship, such as literary works, music, dramatic works, pantomimes and choreographic works, sculptural, pictorial, and graphic works, sound recordings, artistic works, architectural works, and computer software. With copyright protection, the holder has the exclusive rights to modify, distribute, perform, create, display, and copy the work.
A trade secret is a formula, process, device, or other business information that companies keep private to give them a business advantage over their competitors.