Technology License Basics
"In general, the agreement between the Licensor and the Licensee regarding the technology license, and the right to use it, should include the following elements...
Definition of the Licensed Property...
The duration of the agreement...
The territory that the license agreement relates to...
[Field of Use]...
The activities of the Licensee...
Ppayment arrangements...
Quality Control...
Protection of the Technology...
Improvements...
Termination...
[Resolving] Disputes...
[Other Provisions:]
Exclusivity; secrecy of know-how; technical assistance...sales between the parties...competition...participation in expenses such as advertising, legal fees...approvals..."
Read much more in this PLI article.
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