A design right is a monopoly for the owner to commercially exploit the designed product for a 10 year period. With the proper set of written design agreements in place, this period can be utilised result to maximise commercial return.

A well drafted written commercial agreement will clearly identify the respective rights of the contracting parties and importantly also deals with ‘worst case scenarios’.  A comprehensive design licensing agreement provides contingencies if a breakdown in the relationship occurs between parties. Without a solid written agreement in place to cater for such situations, further disagreements may arise on how to deal with the conflict. A ‘he said, she said’ resulting from an unclear trade mark contract or verbal agreement will result in unnecessary costs.    

Clearly documented design license agreements are a recommended investment at the outset, to provide your business with certainty, avoid legal hassle at a later stage and maximise your commercial return from the transaction.

We draft a range of commercial agreements – see our Business Legal Checklist.  

Actuate IP’s design contract services

Actuate IP can assist in a range of design related agreements, contracts, documentation and services, including:

• Transfer/assignment of design rights
• Design licensing (exclusive & non-exclusive)
• Research & development agreements
• Manufacture and distribution agreements
• Supplier agreements
• Marketing agreements
• Support and maintenance agreements
• Contractor and consultancy agreements
• Related confidentiality agreements
• Advice on proposed product design agreements
• Negotiating product design agreements on your behalf