
When You License More Than You Think: 3 Considerations When Licensing Proprietary Information & Know-How
Remember: one size does not fit all when it comes to the licensing of proprietary information and know-how
Remember: one size does not fit all when it comes to the licensing of proprietary information and know-how
Always remember: intellectual property indemnification is only as good as the entity providing it.
Proper trust accounting and three-way reconciliation are essential for protecting client funds and avoiding serious compliance risks. In this guide, we break down these critical processes and show how legal-specific software can help your firm stay accurate, efficient, and audit-ready.
Be careful when structuring your IP licenses and take termination provisions into account at the outset -- if not, you may be setting yourself up for failure.
Taking the time to set the stage for a successful license is critical in more ways than one.
Here are three of the most critical questions to ask when standing at the starting line in any intellectual property transaction.