PAYMENTS
TYPICAL PROVISIONS
POST-SIGNING
n
Types of payment
provisions
n
n
Should royalties be linked to money made
by licensee?
How will the royalty calculation be made?
Should there be an up-front payment to recover
initial costs?
n Should there be minimum payments?
n Should payments be made at milestones?
n Consider factors affecting the royalty rate.
n How will payments be monitored?
Other key considerations
How long is the licence for?
Who will own improvements to IP?
n Who will deal with litigation affecting the IP?
n Who will maintain the protection of the IP?
n Should you limit your liability?
n When can you terminate the licence?
n
n
Registrations and checks
n
n
Do you need to register the licence?
Check payments and inspect licensee's records
regularly
n Keep a record of licensed IP and restrictions on you
n Keep licence under review
©The University of Manchester I3 Limited and Eversheds LLP 2005-2013.
UMI.MCR.019
