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13047572
PATENT LICENSE NEGOTIATION: BEST PRACTICES
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Elkin Santiago Cuervo Naranjo
, atualizado more than 1 year ago
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Criado por
Elkin Santiago Cuervo Naranjo
mais de 6 anos atrás
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Resumo de Recurso
PATENT LICENSE NEGOTIATION: BEST PRACTICES
PREPARING TO NEGOTIATE
The Team. The deal team will conduct due diligence and negotiate the license.
Initial Team MeetingIn In preparing for the negotiation, the deal team should identify, assess and prioritize the interests of their client
The Term Sheet typically covers the major issues in a potential deal in outline form, including: thelicensed product or process.
Deadlines. is important because it forces the other party to reveal its true intentions and interests in the licensing agreement.
Drafting the contract.The drafting party may be the licensor or the licensee.
THE NEGOTIATION
Valuation approache: the cost method, the market method, and the income method.
Developmental stage of invention.: But high fees and royalties can compromise the future market success of the licensed technology
Exclusivity and field of use: It is more advantageous for licensors to grant multiple non-exclusive licenses
Payment terms. There are several forms of payment that licensing parties can negotiate to compensate the licensor for the patented technology.
Rights to improvements. A licensee will want the right to use any variation of the technology claimed in the patent
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