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Rights over creations such as inventions, software and other protected works; trade accounts record certain payments for their use.
A licence gives another party permission to use specified rights under agreed conditions, often in return for a fee. Cross-border payments for using intellectual property can appear in services trade. The exact protection and permitted use depend on the right, country and agreement. Owning a physical copy of a work does not automatically give its purchaser the right to reproduce it.
Imagine a Jamaican company paying an overseas rights holder US$20,000 to use a patented production process for a year. That payment concerns permission to use the invention; buying a US$200,000 machine is a separate transaction involving goods. A music label licensing a recording illustrates another kind of right, with a different agreement and protected subject. These are hypothetical transactions.