DRAFTING AN INTELLECTUAL PROPERTY (IP) CONTRACT
We regularly advise on technology related IP contracts and agreements, from exploiting your intellectual property through licensing and franchising to selling your intellectual property for the best price.
When it comes to protecting your intellectual property rights, not all contracts do the best job. Using a standard contract means there is ample opportunity for missed protections and exclusions. Drafting and agreeing to a contract is just the start — it’s the implementation and understanding of the contract that’s the key.
UNDERSTANDING THE KEY CLAUSES IN IP CONTRACTS
Important and/or higher value contracts should always be very carefully considered, but most contracts often share the following important clauses (although the content of the clauses will differ):
• Duration of agreement
• Services and commitments
• Payment terms
• Default events
• Termination of the contract
• Disclosure of information and data
• Warranties and/or indemnities