Commercialising
the Inhibitor
SCENARIOS
ACCOUNTS
n
Accounts of transactions relating to licensed technology to be kept.
n
Statements to be delivered with royalty payment.
n
Access to records for Licensor's accountants.
LICENSEE'S OBLIGATIONS
n
Is it to maintain patents?
n
Patent/copyright notices on Products.
n
Quality of Products.
n
Are there any marketing requirements?
INFRINGEMENT
n
Who has right to take infringement action?
n
Each party to assist the other where the other is taking/or defending
the claim.
n
Who has the right to claim damages?
TERM AND TERMINATION
n
How long will agreement last?
n
How can it be terminated?
CONSEQUENCES OF TERMINATION
n
What happens to IP/Technology on termination (e.g. return
documents/tooling to Licensor)?
n
Any right to sell-off existing products?
LIABILITY
Licensee should be liable for sale of its products/provision of services
incorporating licensed IP. Include an indemnity from the Licensee for this.
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