HTP Graphics

Licensing-2014

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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 ©The University of Manchester I3 Limited and Eversheds LLP 2005-2014. UMI.MCR.028

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