SlideShare a Scribd company logo
 Many examples of licenses and
  agreements available
 Actual form of clauses not important,
  content is
 Clause by clause review doesn’t deal
  with language but the concepts
 Business Terms - Use of a
  term sheet or Memorandum
  of Understanding
 Reviewing the first draft
 Associated Documents
 Not legally binding
 Statement of
  background and
  intentions
 Good place to identify
  problems such as
  conflicts of interest
   What should be defined; avoided
   Capitalize defined terms
   External references to other material
   Consistency among agreements
   Reference appendices for variable
    information
   Watch for ‘cut and paste’ definitions
 Exclusive versus non-exclusive
 Transferable versus non-transferable
 Field of use / Territory
 Right to sublicense
 Use of Technology
 Grant of License to an affiliated
  company
 Cross-licensing
 Improvements
 Reservation of certain rights by the
  Licensor
 Non-commercial purposes
   Right to Sublicense
   Control over Sublicensing
   Approvals: consent versus notice, timelines
   Flow through provisions: indemnity, royalties
   What happens in the event of default of the
    head licence (comfort letters)
   End licenses (often attached as an
    appendix)
   Obligation to submit copies of licences
   Fully paid up Licenses
   Royalties based upon gross,
    net or product sales
   Royalty “reach through” on sublicences
   Minimum royalties (creditable?)
   Milestone payments
   Interest on over-due amounts
   Stacking provisions
   Abeyance of payment pending results of
    infringement action
 Management may pass from licensor to
  licensee over time
 Issues of control, report, consent and
  abandonment
 Who pays?
 Who is the assignee?
 Obligation to mark or label licensed
  products
 Use and scope of an indemnity
 Limitation on amount of claim
 Who wants them
 Who should give them
 What does a Licensor warrant?
    › Different types of licensors
    › What can you actually control?
       Ownership; non-infringement
   Disclaim technology “fitness for purpose”
 Permitted circumstances of disclosure
 What constitutes “confidential
  information”
 Importance of confidentiality for trade
  secrets or know-how
 Report of activities with respect to
  exploitation of the technology
 Frequency
 Right to audit
 Accounting
  standards
 Term of the license
 Events of termination
    › Automatic (insolvency)
    › Curable breaches
 Termination process
 Consequences to sub-licensees of
  terminating the head licence
 Public liability or product liability
  insurance
 Absolute need for both in most
  circumstances
 Indemnity vs. Insurance
 Proper law of the contract
 Attornment clause
Marcel D. Mongeon
             +1 (905) 390 1818
marcel@mongeonconsulting.com

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Licensing Agreement Terms

  • 1.
  • 2.  Many examples of licenses and agreements available  Actual form of clauses not important, content is  Clause by clause review doesn’t deal with language but the concepts
  • 3.  Business Terms - Use of a term sheet or Memorandum of Understanding  Reviewing the first draft  Associated Documents
  • 4.  Not legally binding  Statement of background and intentions  Good place to identify problems such as conflicts of interest
  • 5. What should be defined; avoided  Capitalize defined terms  External references to other material  Consistency among agreements  Reference appendices for variable information  Watch for ‘cut and paste’ definitions
  • 6.  Exclusive versus non-exclusive  Transferable versus non-transferable  Field of use / Territory  Right to sublicense  Use of Technology  Grant of License to an affiliated company  Cross-licensing  Improvements
  • 7.  Reservation of certain rights by the Licensor  Non-commercial purposes
  • 8. Right to Sublicense  Control over Sublicensing  Approvals: consent versus notice, timelines  Flow through provisions: indemnity, royalties  What happens in the event of default of the head licence (comfort letters)  End licenses (often attached as an appendix)  Obligation to submit copies of licences
  • 9. Fully paid up Licenses  Royalties based upon gross, net or product sales  Royalty “reach through” on sublicences  Minimum royalties (creditable?)  Milestone payments  Interest on over-due amounts  Stacking provisions  Abeyance of payment pending results of infringement action
  • 10.  Management may pass from licensor to licensee over time  Issues of control, report, consent and abandonment  Who pays?  Who is the assignee?  Obligation to mark or label licensed products
  • 11.  Use and scope of an indemnity  Limitation on amount of claim
  • 12.  Who wants them  Who should give them  What does a Licensor warrant? › Different types of licensors › What can you actually control?  Ownership; non-infringement  Disclaim technology “fitness for purpose”
  • 13.  Permitted circumstances of disclosure  What constitutes “confidential information”  Importance of confidentiality for trade secrets or know-how
  • 14.  Report of activities with respect to exploitation of the technology  Frequency  Right to audit  Accounting standards
  • 15.  Term of the license  Events of termination › Automatic (insolvency) › Curable breaches  Termination process  Consequences to sub-licensees of terminating the head licence
  • 16.  Public liability or product liability insurance  Absolute need for both in most circumstances  Indemnity vs. Insurance
  • 17.  Proper law of the contract  Attornment clause
  • 18. Marcel D. Mongeon +1 (905) 390 1818 marcel@mongeonconsulting.com