17928687
Description
Mind Map by julian valencia, updated more than 1 year ago
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Created by julian valencia
over 5 years ago
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NEGOTIATIONS AND
LICENSING
- consists
- THE TEAM
- 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
- 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
- NEGOTIATING
- 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
- is done
- formal contractual agreement
- Terms of exchange
specified for the bargain
- Something of value
exchanged
- Mutual exchange.
- Terms of exchange
specified for the bargain
- formal contractual agreement
- 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
- THE TERMS
- Licence Fee
- The licence fee is a payment
that, typically, is separate to
royalty payments
- The licence fee is a payment
that, typically, is separate to
royalty payments
- Royalties
- 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’
- 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’
- Minimum Royalty
- A minimum royalty can be based
on this market forecast of
achievable annual sales
- A minimum royalty can be based
on this market forecast of
achievable annual sales
- Licence Fee
- HEADS OF AGREEMENT
- 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.
- For example
- Nature of licensed IP
- Costs and Duration
- Scope of licence
- Exclusive licence
- Sole licence
- Non-exclusive licence
- Exclusive licence
- Nature of licensed IP
- 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.
- THE TEAM
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