What Should be Considered When Licensing Nanotechnology?
When engaging in licensing agreements, several key factors should be considered:
Intellectual Property Rights (IPR): Ensure that the IP is well-protected and clearly defined to avoid disputes. Scope of License: Define the specific applications, territories, and duration of the license to avoid ambiguities. Financial Terms: Negotiate royalties, upfront payments, and milestones to ensure a fair exchange of value. Regulatory Compliance: Ensure that the licensed technology complies with relevant regulations and standards. Technology Transfer: Facilitate the transfer of know-how, training, and support to ensure successful implementation.
