THE OBJECTIVE of any license negotiation is that both
parties clearly identify what each one wants from the
trade agreement they intend to conclude.
THE REQUIREMENTS of the license holder and must identify and
clarify how the technology will meet the needs of the license
holder.
THE TEAM You cannot negotiate on your
own, as points and problems may arise
that you are not sure or misunderstand
NEGOTIATION The negotiation process is often
informal and, in general, is not completed in a
single meeting of the parties around the table.
Usually, the parties meet several times to discuss
the technology.
THE LICENSE AGREEMENT The
licensor agrees to provide the
licensee with the use of his
property
THE TERMS License fee The license fee
(also known as "lump sum", "down
payment" or "down payment") is a
payment that is usually separate from
royalty payments
HEADS OF AGREEMENT Before any
exchange of agreement templates
begins, it is essential that a 'Head of
Agreement' is discussed and an
agreement is reached on each of the
important aspects of the planned
interaction, be it a research
collaboration, a license agreement, a
license option agreement, patent
exploitation agreement or other.