Certificate IP Licensing Term Sheet Mastery
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โข IP Licensing Basics: Understanding the fundamentals of intellectual property (IP) licensing, including types of IP and the importance of a well-drafted licensing term sheet. โข Key Components of a Licensing Term Sheet: Identifying and explaining essential elements of a licensing term sheet, such as parties involved, licensed IP, scope of license, payment terms, and term and termination. โข Licensed IP: Defining and categorizing the different types of intellectual property that can be licensed, including patents, trademarks, copyrights, and trade secrets. โข Scope of License: Exploring the various aspects of the licensed IP's scope, including permitted uses, territorial restrictions, and field-of-use limitations. โข Payment Terms: Discussing different payment structures, such as upfront fees, royalties, milestone payments, and minimum annual guarantees. โข Term and Termination: Outlining the duration of the agreement, renewal options, and termination clauses, including grounds for termination and consequences thereof. โข Confidentiality and Non-Disclosure: Addressing the importance of confidentiality in IP licensing, including non-disclosure agreements and clauses that protect trade secrets and other confidential information. โข Dispute Resolution: Examining methods for resolving disputes that may arise during the licensing term, such as mediation, arbitration, or litigation. โข Indemnification and Liability: Protecting parties from potential liabilities and legal issues, including indemnification clauses and limitations of liability.
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