NEGOTIATIONS AND LICENSING

Descripción

Ingeniería Mapa Mental sobre NEGOTIATIONS AND LICENSING, creado por julian valencia el 02/05/2019.
julian  valencia
Mapa Mental por julian valencia, actualizado hace más de 1 año
julian  valencia
Creado por julian valencia hace más de 5 años
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Resumen del Recurso

NEGOTIATIONS AND LICENSING
  1. consists
    1. THE TEAM
      1. to appoint a small team, to address points on technology, manufacturing, legal, IP and finance, as required. Identify the colleagues, and any consultants, should be involved in the negotiations
      2. NEGOTIATING
        1. The process begins with discussion on the main points that must be agreed and usually extends over a period of time. It concludes with the introduction of a draft agreement, when the main points have been agreed
          1. is done
            1. formal contractual agreement
              1. Terms of exchange specified for the bargain
                1. Something of value exchanged
                  1. Mutual exchange.
              2. THE TERMS
                1. Licence Fee
                  1. The licence fee is a payment that, typically, is separate to royalty payments
                  2. Royalties
                    1. Normally, royalties are paid in addition to the licence fee. They are based usually on a unit, a volumen or a weight of sale – the ‘royalty base’, the ‘25% rule’
                    2. Minimum Royalty
                      1. A minimum royalty can be based on this market forecast of achievable annual sales
                    3. HEADS OF AGREEMENT
                      1. The Heads of Agreement typically are a set of bullet point headings, under which the parties are expected to discuss and complete in their own words (or brief bullet points) the decisions they have reached on each item.
                        1. For example
                          1. Nature of licensed IP
                            1. Costs and Duration
                              1. Scope of licence
                                1. Exclusive licence
                                  1. Sole licence
                                    1. Non-exclusive licence
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