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The Intellectual Property Office in the UK has a useful licensing booklet that contains a checklist of what to think about when licensing IP

This book is an introduction to intellectual property law, the set of private legal rights that allows individuals and corporations to control intangible creations and marks—from logos to novels to drug formulae—and the exceptions and limitations…

Guide to IP - Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.