How to license Intellectual Property to base a game on?

FromHell

I have been talking to a guy owning a company with several family oriented animation IPs which are currently in production for TV. He told me they thought about making use of their IPs by licensing out to game developers but they obviously have no idea how that usually works in the game industry.

Any ideas how that process actually works in the industry?

Grunty

Intellectual property contract lawyers would know.