TRANSFERS AND LICENSES A client with a valuable patent, trademark, or copyright can choose to license or transfer its rights to another company for regular royalty payments or for a flat fee. Licensing provides companies of all sizes the opportunity to protect their technological advantage, generate new revenue, and build partnerships with other innovative companies. Smaller companies may decide to specialize on research and development and license out their patents for other companies to produce. Larger companies frequently find themselves with valuable patents no longer relevant to their own business, and license out their intellectual property.