04Nov2014

Licensing—Clarity is Key

Getting the maximum financial benefits of your intellectual property depends on clearly defined contract terms.

New licensing partnerships are exciting, and represent the starting point of receiving the monetary value for your ideas that you always knew was possible. Oddly enough, it is the lack of specificity of financial language in many license agreements we have seen over the years that end up costing licensors a lot of money in terms of licensing or royalty fee income.

In calculating royalties…