What happens when your licensing partner doesn’t meet their development milestones? You end the agreement. That’s just what happened with two very large pharmaceutical companies. These two global companies signed a licensing agreement worth over $300 million that included the development, marketing and sales of an antibody treatment. But the […]
Don’t shortchange the time it takes to structure the right type of licensing agreement. If the agreement is riddled with holes, nothing is more draining in both time and money then having to litigate your way out of a licensing agreement. Your licensing agreement is a contract between you and […]
How do you know your licensees are paying the correct amount of royalties? Generally, royalty reporting is done on a quarterly basis. The licensee is required to provide a statement showing the previous quarter sales and amount of royalties paid. However there are still a number of ways that royalties can be under reported. Here’s a list of the 3 big royalty reporting errors and how to avoid them:
Obtaining a license for an intellectual property such as a popular character can sometimes be an expensive process. If you lack the financial resources or the qualifications, there is another option you can use to get rights to that IP. It’s called a designated distributor agreement. This type of agreement […]
A licensing agreement may be one of the most important legal documents that you sign in your business career. These are living documents that need to be closely administered by both sides – licensee and licensor – or they can … Continue reading →
