Ask for a lawyer who has expertise in licensing agreements. These agreements are complex and specific to each situation. Many lawyers know how to create a general contract, but they may not know the details of licensing agreements. An IP lawyer could be a good start. On the License Agreement Templates for Digital Resources Abroad, Qiong, T. (2011). Information and Documentation Services, 32 (5), 41-44. The document focuses on how the overseas license agreement submissions have been used by different digital resources. The digital resources resulted in the provision of relevant information and documentation services necessary during the licensor`s agreement with the licensee. The license agreement should contain a language dealing with the issue of property disputes.
What happens, for example, if someone challenges ownership of a trademark you have licensed? Or if someone plagiarized the copyrighted work, which is licensed? Both parties to the licensing agreement should agree on how to deal with these issues. You can allow the right to make a product from a patent you own or to give someone the right to use one of your trade secrets, such as a process developed by your company. Often, the rights to execute the license are incorporated into the agreement. A company will mention certain violations that violate federal lawmakers` rights, which can result in civil or criminal penalties. The term “license” has two meanings, one in general terms (for example. B a driving licence) and the other in the economy and commerce. A licence in the most general sense of the term is “the authorization of a public authority to own or use something”. Perform your due diligence before the agreement. Both parties should conduct a thorough review of the other party. Check trade credits and management resumes. Ask for financial statements. Visit the offices and production sites of the other company.
Everything you need. Facilitating the commercialization of university innovation: The Carolina express license agreement, DeSimone, J.M., &Mitchell, L. (2010). This article discusses ways to boost economic growth in the United States after the severe recession of the 1930s, by inventing ways to create more jobs and spur innovation in the United States. Some results have shown that new companies that have performed well have created new jobs. The author analyzes a series of practices from various research conducted by universities such as the University of North Carolina at Chapel Hill. It turns out that the companies are based on the intellectual property of the university….