Intellectual Property (IP) rights are not just assets to protect—they’re also tools that can be leveraged commercially through licensing or assignment. In Ghana, as in many jurisdictions, IP rights can be assigned or licensed to others.
While licensing allows the licensor to retain ownership while granting the licensee permission to use the IP in return for payment, assignments involve the full transfer of ownership from one party to another.
In Ghana, licensing agreements—especially those involving foreign parties—often require regulatory compliance. In some instances, approval from the Bank of Ghana may be required under exchange control regulations. It is crucial to ensure that such contracts meet legal and commercial requirements before execution. At VE Legal, we help businesses structure effective IP licensing arrangements that are compliant, enforceable and commercially sound. Whether you are licensing software, franchising a brand or negotiating royalties for creative work, our legal team brings deep experience in drafting IP agreements and advising on cross-border transactions and technology transfer.
