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Licensing

Licensing

Licensing operates under specific conditions outlined in the contractual agreement. These conditions could include considerations on the geographical area of utilization of IPT’s intellectual properties, the duration of the license, and the specific purposes for which the intellectual properties can be employed.
This structured approach ensures that IPT retains control over the use of its proprietary knowledge, protecting the integrity of its innovations as a result of extensive Research and Development (R&D) efforts.

In essence, a licensing contract becomes a strategic tool for IPT to share its intellectual properties strategically, fostering collaboration and facilitating the application of its innovations in real-world scenarios. This mutually beneficial arrangement allows customers to access cutting-edge technologies while enabling IPT to commercialize its technologies.