To mitigate the risk of disputes, parties can take several proactive steps:
1. Clear Contractual Terms: Ensuring that contracts are explicit about terms, conditions, and expectations can prevent misunderstandings. 2. Defined IP Clauses: Clearly defining IP ownership, usage rights, and the handling of new inventions can avoid conflicts. 3. Regular Communication: Maintaining open lines of communication throughout the partnership can help address issues before they escalate. 4. Regulatory Due Diligence: Staying updated with regulatory changes and ensuring compliance can prevent breaches of contract.
