It is very likely that at some point your business will either need to license or be the licensor of product, service or intellectual property and therefore it is important to understand what are the key provisions of a licensing agreement This Article reviews the ten important topics that both licensors and licensees need to understand and address in a licensing agreement. Among the topics discussed is an often overlooked issue of licensor bankpruptcy, and the rights of the licensee under section 365(n) of the Bankruptcy Code.
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Licensing Agreements: Ten Important Provisions