Tips On Licensing Agreement

John Goldschmidt of Dilworth Paxson makes another crucial point about patent consulting combinations. When a consultant advises on a project, more intellectual property is often developed and it is necessary to know who has the right to have such intellectual property. One way to deal with this problem is to implement a development agreement that will determine who is entitled to the new technology. These agreements often justify that the title belongs to those who have contributed the most to the new technology or to the company that is most confronted with the continuation of the type of technology created. Another vehicle used by John Goldschmidt is that the licensee and the licensee jointly create a new entity that will own the technology. A final concern, namely extending an agreement for too long on the basis of know-how, is that it may run into antitrust problems when know-how is widely known. In the event of a significant disagreement over the terms of an agreement, the parties may take the issue of arbitration. Arbitration can be done in many different ways and it is easier to use the rules of arbitration in the agreement before there is a problem. Exclusive and territory. The licensee is granted the exclusive right to manufacture and sell the product in a given territory. The licensee agrees that others are not allowed to sell the product in this area. This part of the agreement is usually accompanied by a clause.

4. Be patient. As I said, negotiating a licensing agreement is a long process. Try to accept it. There are so many things to negotiate that you cannot address them all at the same time. I recommend first starting with the simplest aspects to get some momentum going. Later, when you`re both exhausted and looking forward to the process being completed, it`ll be easier to get your licensee to say yes. At this point, the company has already invested its time. There are an almost infinite number of ways to structure licensing agreements. It should be adopted that there are almost incalculable numbers of permutations in bargaining licences, since these options can be used to reach a more favourable agreement between the two parties. Below are some tools that allow practitioners to structure mutually beneficial licensing agreements: if the parties have entered into a confidentiality or confidentiality agreement and remain effective for the duration of the license agreement, nothing else is required.

If this has not been done, a section dealing with confidentiality conditions may be included in the license agreement. If the previously agreed confidentiality agreement is weak, it is now time to strengthen it and ensure that these conditions in the licensing agreement prevail over previous agreements. Intellectual property (IP) and how it is paid must be defined in the agreement, whether it is a single patent or if it contains different reports and materials. This part of the checklist may be more relevant to for-profit licensees, but not-for-profit licensees may also include more than one patent (and its family) in the definition of intellectual property.