Lessors of Nonfinancial Intangible Assets (Except Copyrighted Works)
Key Figures
Figures are published for NAICS 53311 directly.
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Official definition
This industry comprises establishments primarily engaged in assigning rights to assets, such as patents, trademarks, brand names, and/or franchise agreements, for which a royalty payment or licensing fee is paid to the asset holder.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain. Census publishes this definition under NAICS 533110, the only detailed industry in this group.
Which code does this activity belong in?
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) covers establishments that assign rights to intangible assets such as patents, trademarks, and brand names in exchange for royalty or licensing fees. The distinction from Real Estate (NAICS 531) is clear: Real Estate involves the rental or leasing of physical property and buildings, while this code covers non-physical intellectual property rights. Similarly, Rental and Leasing Services (NAICS 532) encompasses tangible goods and equipment, whereas establishments primarily engaged in licensing intangible assets are classified in this code.
Written for NAICS 533110, the only detailed industry in this group.