LICENSING FOUNDATIONS OF BUSINESS ISSUES
U.S.laws do not regulate the licensing process as is the case in the Indian community ,Spain,Australia, Japan and many developing countries under their technology transfer laws. Protection of patent and trademark rights in the India is very good and American law relies on the precedent of court cases previously decided to provide certainty and guidance .
LICENSING FOUNDATIONS OF GLOBAL BUSINESS
Important considerations in licensing include analysis of what assets your firm may offer for license how to price the assets you wish to license whether to grant only the right to make the product or to add the rights to use and sell the product as well and whether to include a right to sub license Also as with distribution agreements the size of the licensee’s territory the field of use of the licensed products or processes and other elements.
Another key consideration in licensing is whether to cross licensing is a way of ensuring that you benefit from any developments and improvements developed by your licensee. It is prudent to incorporate a strong cross -licensing agreement in any license agreement.