LES-AC seeks to fulfill the following objectives:
1- To function as a non-profit professional and educational society, encouraging high professional levels and ethics among persons engaged in the domestic and international licensing, transfer of technology and intellectual property rights.
2- To assist the individual members in improving and developing their skills and techniques in licensing through self - education, conduct of special studies and research, sponsorship of training courses, publication of related articles and reports, and exchange of ideas related to licensing, transfer of technology and intellectual property rights.
3- To inform the business community, governmental bodies and the public, through proper media, about the economic importance of licensing, transfer of technology and intellectual property rights.
4- To sponsor and conduct research related to licensing, technology transfer and intellectual property rights at the international and regional levels.
5- To settle all disputes arising between the Society's members and others through arbitration.
6- To assist the members in carrying out activities which are consistent with the Society's objectives, and coordinate their activities with those of the other bodies which have similar objectives.