Companies: Overview

Created by Francesco Ilardi, Modified on Mon, 1 May, 2023 at 9:22 PM by Francesco Ilardi

There are four types of companies in Brainbase. The company type can be listed as a Licensor, Licensee, Manufacturer, or Agency. Please see below for an explanation of each.  



Licensor: A person or a company with exclusive legal rights over a property that gives, sells, or otherwise surrenders to another (the licensee) a limited right to use that property. 


Licensee: The person or company wanting to use the intellectual property for their own profit, while paying royalties to the licensor.

Manufacturer: A person or a registered company that makes finished products from raw materials in a bid to make a profit. The goods are later distributed to wholesalers and retailers who then sell to customers.

Agency: A person or company who identifies possible licensees for the licensor's property, represents the property in trade shows, and presents the property and proposals to licensees while negotiating contract terms. They may also act on behalf of the licensee or licensor as specified by the property owner.



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