Commercialisation
/kəˌmɜːrʃəlɪˈzeɪʃən/
Definitions
- (n.) The process of bringing a new product, service, or idea into the marketplace to generate commercial profit.
The company invested heavily in the commercialisation of its new pharmaceutical drug.
- (n.) The act of applying legal rights, such as patents or trademarks, to exploit an invention or intellectual property commercially.
The commercialisation of the patented technology required careful licensing agreements.
Related terms
See also
Commentary
In legal contexts, commercialisation often involves the intersection of intellectual property law and contract law, highlighting the need for clear agreements to monetize innovations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.