NAICS 5331 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Related NAICS Codes for NAICS 5331
Click on any NAICS code to explore that specific industry within NAICS 5331
| NAICS Code | Industry Title |
|---|---|
| 53311 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
| NAICS Code | Industry Title |
|---|---|
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
What is NAICS 5331
NAICS code 5331 covers businesses primarily engaged in leasing or licensing nonfinancial intangible assets, except copyrighted works. This includes patents, trademarks, brand names, franchises, and other intellectual property rights. These lessors do not transfer ownership but provide usage rights to clients under agreed terms, enabling innovation and brand leverage without upfront acquisition costs. Typical operators include patent holding companies, franchisors, and trademark licensing firms. Government agencies contract these services to access patented technologies, licensed software, or franchise models that support public programs or operational needs without incurring full ownership expenses. This sector plays a critical role in facilitating access to intellectual property while mitigating financial risk and encouraging competitive offerings in government procurement.
Breakdown for NAICS 5331
- Encompasses leasing or licensing of patents, trademarks, franchises, and other intangible assets excluding copyrighted works.
- Includes businesses that grant usage rights without transferring ownership of intellectual property.
- Covers a broad range of intellectual property types, excluding copyrights and related licensing.
- Relevant to both large corporations and smaller entities specializing in IP monetization.
- Typically involves long-term agreements with ongoing royalty or lease payments.
- Integral to supporting innovation dissemination and franchising within government programs.
Included Activities for NAICS 5331
- Licensing patented technologies for government use.
- Granting franchise rights for government-operated services.
- Managing trademark licensing agreements with public agencies.
- Negotiating royalty payment terms for intangible assets.
- Facilitating intellectual property access through lease contracts.
- Advising on compliance with IP regulations in government contracts.
- Supporting technology transfer initiatives for federal agencies.
- Monitoring and enforcing licensing agreements under contract.
Business Types for NAICS 5331
- Patent holding companies
- Trademark licensing firms
- Franchisors
- Intellectual property management firms
- Technology transfer organizations
- Specialized IP brokerage firms
Government Buyers for NAICS 5331
Federal agencies such as the Department of Defense, Department of Energy, and the General Services Administration commonly acquire leases or licenses for intangible assets to support research, technology deployment, and operational infrastructure. These agencies require access to patented inventions, proprietary processes, or franchised program models that enhance government capabilities. Licensing arrangements enable agencies to utilize cutting-edge technologies or established brand frameworks efficiently while maintaining compliance with intellectual property laws. Additionally, state and local governments may engage these services to implement licensed educational programs or public service franchises, underscoring the broad applicability of NAICS 5331 in public sector contracting.
Contract Types & Procurement for NAICS 5331
Contracts under NAICS code 5331 often include licensing agreements, lease contracts, and royalty-based arrangements. Procurement methods vary from negotiated contracts to competitive solicitations, depending on the uniqueness and availability of the intangible asset. Contract values can range significantly—from modest licensing fees for software or technology use to multi-million dollar franchise licensing deals for government-operated services. Fixed-price contracts are common when terms are well defined, while cost-plus contracts may be used for licensing arrangements involving ongoing development or support. Contract durations typically span multiple years to ensure continuity and maximize return on intellectual property investments.
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