Product Licensing Management Template

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Managing product licensing can be a complex process with strict deadlines and legal requirements. This template provides a comprehensive framework to track and manage all product licensing tasks effectively.

By using this template, founders can ensure all legal requirements are met, deadlines are adhered to, and potential revenue from licensing is maximized. It includes tasks from identifying products for licensing to monitoring compliance and handling disputes.

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Product Licensing Management for Priority Matrix

Product Licensing Management in Priority Matrix

Effectively manage your product licensing tasks, ensuring compliance and maximizing potential revenue.

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Proposed Tasks

High Impact, Urgent

  • Identify Products for Licensing - due in 1 week
    ☐ Research potential products for licensing ☐ Assess market potential ☐ Finalize product list
  • Research Licensing Requirements - due in 2 weeks
    ☐ Identify legal requirements ☐ Understand industry standards
  • Submit Licensing Applications - due in 1 month
    ☐ Review applications ☐ Submit to relevant authorities
  • Conduct Licensing Negotiations - due in 3 months
    ☐ Present product potential ☐ Negotiate terms
  • Finalize Licensing Agreements - due in 4 months
    ☐ Review contract terms ☐ Sign agreements

High Impact, Not Urgent

  • Identify New Licensing Opportunities - bi-annual
    ☐ Research market trends ☐ Explore new product potentials
  • Update Licensing Strategy - annual
    ☐ Review licensing goals ☐ Adjust strategy as needed
  • Prepare Licensing Applications - due in 3 weeks
    ☐ Collect necessary documents ☐ Complete application forms
  • Prepare for Licensing Negotiations - due in 2 months
    ☐ Research potential partners ☐ Develop negotiation strategy

Low Impact, Urgent

  • Engage Legal Counsel - as needed
    ☐ Consult with lawyers on complex issues ☐ Review legal documents
  • Handle Licensing Disputes - as needed
    ☐ Address any contract breaches ☐ Negotiate resolutions
  • Monitor Licensing Compliance - ongoing
    ☐ Ensure product quality ☐ Track royalty payments
  • Track Application Status - ongoing
    ☐ Monitor application status ☐ Respond to any queries
  • Update Licensing Database - ongoing
    ☐ Maintain accurate records ☐ Track licensing metrics

Low Impact, Not Urgent

  • Communicate Licensing Success - as needed
    ☐ Share success stories internally ☐ Publicize major wins externally
  • Evaluate Licensing Performance - bi-annual
    ☐ Analyze revenue ☐ Assess partner performance
  • Manage Licensing Renewals - annual
    ☐ Track license expiry dates ☐ Prepare renewal applications
  • Network with Industry Partners - ongoing
    ☐ Attend industry events ☐ Build relationships with potential partners
  • Revise Licensing Documentation - as needed
    ☐ Update application forms ☐ Revise contract templates
  • Train Staff on Licensing Processes - as needed
    ☐ Review licensing procedures ☐ Ensure understanding of legal requirements