NAICS 53311 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Related NAICS Codes for NAICS 53311
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| NAICS Code | Industry Title |
|---|---|
| 533110 | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) |
What is NAICS 53311
NAICS code 53311 covers businesses primarily engaged in leasing or licensing nonfinancial intangible assets, excluding copyrighted works. This sector includes entities that lease patents, trademarks, brand names, franchises, and other intellectual property rights without transferring ownership. Such businesses generate revenue through licensing fees or royalties, providing access to proprietary technology or brand equity under negotiated terms. Government agencies contract these services to gain legal rights or use of innovations, trademarks, or franchises critical to public sector projects, research, or program implementation. Engaging lessors of nonfinancial intangible assets enables the government to leverage private sector innovations, protect intellectual property interests, and promote economic development through licensed technology or branding. Companies operating in this sector must understand complex intellectual property laws and market valuation of intangible assets, ensuring compliance with federal acquisition regulations and effective contract management.
Breakdown for NAICS 53311
- Includes leasing or licensing of patents, trademarks, brand names, and franchises excluding copyrighted works.
- Focuses on nonfinancial intangible assets generating revenue through royalties or licensing fees.
- Excludes ownership transfer; rights are granted for use under defined contract terms.
- Typical contract sizes vary from small licensing fees to large technology transfer agreements.
- Small businesses form a significant part of the sector, often providing specialized IP assets.
Included Activities for NAICS 53311
- Negotiating licensing agreements for patented technologies.
- Leasing trademark or brand name rights to government entities.
- Managing royalty collection and reporting for licensed assets.
- Providing franchise rights for government-supported programs or initiatives.
- Conducting intellectual property valuation and due diligence.
- Supporting technology transfer and commercialization efforts.
- Ensuring compliance with federal acquisition and intellectual property regulations.
- Advising on contract terms related to intangible asset usage.
Business Types for NAICS 53311
- Patent licensing firms
- Trademark and brand leasing companies
- Franchise licensors
- Technology transfer organizations
- Intellectual property management firms
- Small businesses specializing in niche IP assets
Government Buyers for NAICS 53311
Federal agencies such as the Department of Defense, Department of Commerce, and the National Aeronautics and Space Administration often procure services under NAICS 53311. These agencies require access to patented technologies, trademarks, or franchise rights to support research initiatives, operational improvements, or public-private partnerships. Additionally, agencies involved in economic development or technology transfer programs may seek licensing agreements to promote innovation dissemination. Contracting with lessors allows government entities to legally use proprietary intellectual property assets while managing costs and mitigating risks associated with ownership. State and local governments may also engage these services to utilize franchised systems or patented technologies that enhance public services or infrastructure projects.
Contract Types & Procurement for NAICS 53311
Contracts under NAICS 53311 typically involve licensing agreements or lease contracts specifying terms for use of intangible assets. Fixed-price contracts are common where fees or royalties are predetermined based on usage or revenue metrics. Indefinite delivery/indefinite quantity (IDIQ) contracts may be used for ongoing or multiple licensing needs. Procurement methods often include competitive bidding when multiple licensors are available, but sole-source contracts may apply if the intangible asset is unique or proprietary. Contract values vary widely depending on the nature and exclusivity of the asset, ranging from modest licensing fees for regional trademarks to multimillion-dollar agreements for patented technologies with broad applications. Contract duration can range from short-term licenses to multi-year agreements with renewal options.
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