Generally speaking, technology licensing is the exchange of intellectual property (IP) between two parties in which one party gives another permission, or license to use the first party’s IP. Technology licensing is an agreement that is quite similar to a rental agreement. In most rental agreements, a landlord permits a person to occupy one of the apartments for a specific amount of time in exchange for monthly rental payments. In a technology licensing agreement, the intellectual property owner, also known as licensor, will provide a party,...Continue Reading...
When it comes to technology service agreements, every deal is different and it should be treated as such. A complete analysis of the parties interested in the agreement should be done, which can include their individual deal objectives and the potential of future disputes. In technology service agreements, this is critical as it will minimize any risks associated with entering the deal. Making an unwise decision with respect to a term agreement or dispute resolution has the potential to cost thousands of dollars in unexpected expenses in the long...Continue Reading...
