relieving the company of the liability of the on-going prosecution and maintenance costs of the rights protecting the technology. Try to enhance/sweeten the deal with any know-how, materials, and data that will make the package more attractive, such as a training package on how to use the technology or analysis reports. Collaboration arrangements where, for example, intellectual property and technology are supplied by one party and the resource to develop is supplied by another, can be a very good method of generating medium to long-term value from surplus intellectual property. There is less likely to be a significant upfront payment, but milestones and royalties can be lucrative and it may be possible to at least offset the cost of maintaining the current assets. If you hold intellectual property that could be of benefit to a competitor, consider a trade. An ability to barter (cross-licence) if you identify a potential threat will increase your chance of getting that all-important licence. In -- Licensing Third Party Intellectual Property Enhancing your own product development by in-licensing can help shorten development times to the exploitation of your technology and thereby the exploitation of its own assets. In-licensing can certainly help to reduce risk and may remove the threat of infringement. A Case Study CellFactors plc based in Cambridge is a small private company in the cell-based therapy field. It has a significant portfolio of broad patent filings in the field that has for some time presented as much of a liability to the company