What Should Be Included in a Nanotechnology Patent Licensing Agreement?
A comprehensive patent licensing agreement should cover:
Scope of the License: Defines the rights granted, such as manufacturing, selling, or distributing. Term and Termination: Duration of the agreement and conditions under which it can be terminated. Financial Terms: Licensing fees, royalties, and payment schedules. Confidentiality: Protection of sensitive information. Quality Control: Standards to maintain the quality of the products using the patented technology.
