Intellectual property (IP) licensing and assigning are two ways companies can transfer Ownership or grant permission to use their IP assets to others.
IP licensing is like renting out a company’s intellectual property.
It involves granting someone else the right to use a company’s intellectual property assets for a specific period under certain conditions in exchange for a certain agreed license fee.
IP assignment is like selling an organization’s IP.
It involves permanently transferring IP rights to the assignee for a specified sum.
