Lecture

Understanding License Agreements

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In course

MGT-455: Practical business law

The course covers the fundamental concepts of business law from a practical standpoint, including contracts and company law, intellectual property, data protection and competition law, with a special focus on issues specific to start-up companies. ...

Description

This lecture covers the intricacies of license agreements, focusing on the relationship between licensor and licensee, the payment of royalties, and the rights and obligations of each party. It delves into the importance of defining the scope, duration, and territorial limitations of the agreement, as well as the significance of maintaining confidentiality and ensuring quality standards. The lecture also touches on sub-licensing, the registration of intellectual property rights, and the potential consequences of non-compliance or termination of the contract.

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