NEGOTIATIONS AND LICENSING

It is often informal and not completed in a single meeting
1. Start with a discussion about the main points
  1. Conclude with an agreement
For licensing agreements for more complex technologies
1. It is not so easy to reach an agreement
The points in these headings should reflect all the essential aspects of the business transaction.
1. Discussions must be point by point
  1. When all points are agreed, the parties sign a formal contractual agreement
    1. The main point to have in account is that the agreement must provide for the exchange of a bargain to create a executable contract
The contract must fulfill three essential points
1. Terms of exchange specified for the bargain
2. Something of value exchanged
3. Mutual exchange
In the license agreement, the licensor agrees to provide the licensee with the use of his property
1. In exchange for a fee or royalties
  1. Everything related to money should be clear and written
The licence fee is a payment that, typically, is separate to royalty payments.
1. Normally, royalties are paid in addition to the licence fee

Resource summary

	Created by JHAN CARLOS MARTINEZ VILLALBA almost 5 years ago