How a Business Hired a Lawyer to Draft a Brand Licensing Agreement in New York

In 2023, a business in New York sought assistance with drafting a brand licensing agreement tailored to facilitate the sale and sub-licensing of intellectual property. The client aimed to establish terms that would not only protect their interests but also allow for a 30/70 revenue split with the IP owner. Key provisions included a royalty payment structure, non-exclusive rights, and the ability to sub-license without requiring prior consent from the owner. As a result, the client received eight proposals from licensed lawyers, with flat fee bids ranging from $500 to $2,250, all crafted to meet the client's deadline of less than a week.