Licensing Termination Provisions

Licensing Termination Provisions for Under-performing License Agreements After securing a patent on an invention and you are making money, another company may want to use the patented technology in their product or service. To give a business the right to use the patented technology, the patent holder and the business enter into a contract for the right to use the intellectual property of the patent holder.  The relationship might start off well but over a period of time with the pressures of business, the patent holder or the licensee may want to get out of the license.  Because the patent holder may be dissatisfied with the licensee, the patent holder must negotiate the terms of the agreement so that the patent holder can terminate license when that happens.  We will explore licensing termination provisions which would help the patent holder get out of the license when it is not beneficial. First off, why would a patent holder want to license the…

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