MarketLicensed production
Company Profile

Licensed production

Licensed production is the production under license of technology developed elsewhere. The licensee provides the licensor of a specific product with legal production rights, technical information, process technology, and any other proprietary components that cannot be sourced by the licensor.

History
, it was more common for licensing agreements to take place between companies in the same country; for example, Opel was granted a license to produce BMW-designed aircraft engines for the German war effort. This allowed for a much higher rate of production, This trend resulted in some technology suppliers imposing additional conditions on the licensee. Other attempts were also made to control the destination of licensed products, particularly with regards to the arms industry. Yet another form of common licensing restriction related solely to the licensing activity, regulating whether the specified product was fully produced or partly assembled, and whether entire products or their individual components were manufactured. ==Theoretical basis==
Theoretical basis
manufactured under license in Poland by Polski Fiat. Licensed production is defined as an overseas production arrangement, usually as a direct result of inter-state trade agreements, that permits a foreign government or entity to acquire the technical information to manufacture all or part of an equipment or component patented in the exporting country. ==Quality control and unlicensed production==
Quality control and unlicensed production
Some licensors find it difficult to regulate the quality of their products manufactured under license. It is not always made clear to consumers where exactly a particular good originated, and a poor quality licensed product may damage the reputation of the original licensor. However, this is not considered a form of consumer fraud unless the product is unlicensed or counterfeit.{{cite web|title=Counterfeit products|author=|url=https://www.unodc.org/documents/data-and-analysis/tocta/8.Counterfeit_products.pdf|location=New York Unlicensed production is the utilization of foreign manufacturing technology without a license, achieved through industrial espionage or reverse engineering. Products in high demand on the international market can be reproduced, based on the same or similar design, and branded in ways to make them indistinguishable from the original. When copied and reproduced without a license, certain items are sometimes recopied in a similar manner by a third party. The manufacturers responsible may also grant legitimately registered sub-licenses for their unlicensed products, profiting at the expense of the real intellectual property owner. The quality of unlicensed goods varies greatly; the United Nations Office on Drugs and Crime has noted that while licensing companies often provide quality control measures, and there is some incentive for licensees to comply or risk legal action and the ensuing damage to their own profit, manufacturers who engage in unlicensed production are under no such obligations. Another method of circumventing the need for a license involves a manufacturer making slight modifications in the design or function of an existing product, before reproducing it. The manufacturer could then argue that the resulting product is not an unlicensed copy, but a new product not subject to license. Also need to be noted that once the terms of the patent for the particular technology or invention has expired, any manufacturer could legally reverse-engineer and reproduce said technology without needing to negotiate license agreements with former patent holder. However, even after patent terms have lapsed some manufacturers do opt for licensed production, since such agreements also confer transfer of full manufacturing plans and expertise which may prove to be cheaper than acquiring those via reverse engineering. == Examples ==
Examples
Industrial products which have been built under license include: • The Belgian FN FAL battle rifle by FN Herstal, produced under license in fifteen countries. • The American Northrop F-5 light fighter aircraft, produced under license in Taiwan. • The French Aérospatiale Alouette III helicopter, produced under license in Romania, Switzerland, and India. • The American Bell UH-1 Iroquois helicopter, produced under license in Germany, Japan, and Italy. • The French Panhard AML armored car, produced under license in South Africa as the Eland Mk7. • The Italian Fiat 125 passenger car, produced under license in Poland as the Polski Fiat 125p. • The Soviet GAZ-M20 Pobeda sedan, produced under license in Poland as the FSO Warszawa. ==See also==
tickerdossier.comtickerdossier.substack.com