Understanding Licensing Agreements: Key Items for Managing Intellectual Property

This Skill Bit talks about licensing agreements, which should have clear licensed rights, intellectual property protection, payment terms, sublicensing/assignment provisions, quality control, termination/breach clauses, provisions for updates/modifications, and dispute resolution mechanisms. Legal counsel is recommended.

Duration approx. 5 Min.

Tier: basics

A part of Essential Contract Types for Business Transactions course.