TYPICAL PROVISIONS
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
POST-SIGNING
PAYMENTS
n
Types of payment
provisions
n
n
Registrations and checks
n
n
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
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
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UMI.MCR.028