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Licence

Galdonagh · 2008-07-31 11:40:51

Hi this was a question i posted yesterday that seems to have been removed because I put my name at the end. I apologise for that, didn't realise it was wrong. If a person buys a licence for a product from the patent holder say last year and has been trading as a sole trader the past year, now the business has done very…

31-07-2008 11:40am

#1

Galdonagh

Registered Users, Registered Users 2 Posts: 22 ✭

Join Date: July 2008

Posts: 16

Hi this was a question i posted yesterday that seems to have been removed because I put my name at the end. I apologise for that, didn't realise it was wrong.
If a person buys a licence for a product from the patent holder say last year and has been trading as a sole trader the past year, now the business has done very well and the person wishes to form a company. The problem with companies is of course taking money out of the company. I was suggesting that the individual sell the licence to the company but this person tells me that they have been told that they cannot sell the licence to the company. Is there an issue with selling a licence for a patented product to a company from an individual? Secondly how do you value a licence?

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