Licensing Standards Initiative

The purpose of all LES standards in the field of intellectual property is to develop management frameworks and business process standards that accomplish one or more of the following objectives:

  • Make good IP management and transaction practice more understandable and accessible throughout the enterprise, from the boardroom down to individual contributors
  • Improve the practice of IP management and, by doing so, enhance shareholder value and mitigate litigation risk through the establishment of safe harbors
  • Enhance the efficiency of and reduce the cost and time required to do IP transactions and management
  • Establish expectations for how an enterprise manages and protects IP in its relationships with third parties
  • Protect and preserve IP value for innovative individuals and enterprises
  • Encourage investment in innovation and enhance the economic well-being of society