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To that end patents are instrumental. Registering inventions by means of a patent allows inventions to be licensed or, alternately, exclusively retained. Holding one or several patents can often be an asset when seeking venture capital.

Knowledge can also be exploited in the form of know-how licenses. A license of this type enables a business to purchase or sell knowledge. This can be carried out in combination with a patent license, but pure know-how licenses or technology licenses are also possible. A technology license can prove worthwhile, for software in particular.

Arnoud Engelfriet, partner at Legal ICT, is a Dutch and European patent attorney. He has more than ten years’ experience of complex ICT technology, software, patents and protection and exploitation options.