Key Terms for Robust Collaborations

  • Aug 2009
  • Client publication/article

The key features of a collaboration in comparison with a straight intellectual property licence is that both parties are working together and, typically, cross-licensing.

This often requires a closer working relationship with regular contact. The best prospects of success stem from a sound working relationship but it is important that the agreement properly reflects the agreed terms and contains an 'exit' strategy for both parties, particularly in an unpredictable economic environment. It can be difficult to maintain a constructive relationship while negotiating clauses that are only likely to be relevant if there is a breach or termination, but it is crucial that there arrangements are tackled early on.

This article first appeared in Bio-Science Law Review Volume 10 Issue 2.  

See also: Key Terms for Robust Licensing (as published in Bio-Science Law Review Volume 10 Issue 1)

 
 

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Susie Middlemiss (partner)

 
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