All kinds of businesses need ToS, both online and brick and mortar.
All kinds of businesses need ToS, both online and brick and mortar.
Also called ‘terms and conditions’, it is an agreement that a user must agree to in order to use a
website or a service. Terms usually define user’s legal rights and also service liabilities, if any.
Scope of services, payment, amendment, termination, liability insurance, confidentiality, IP
ownership, and choice of law and dispute resolution…
Foreseeing potential future disputes is essential to draft a good agreement in order to minimize risks associated with the deal.
Legal technology services are provided by application of technology and software to help individual lawyers or law firms facilitate the practice of law.
They also serve as a means to help comsumers access legal expertise at much lower cost that in some cases even can eliminate the need to consult a lawyer,
thus making them affordable to clients who would otherwise be unable to seek traditional legal services.
A good and comprehensive IP audit is always customized for your business and industry. It can include
reviewing policies and procedures, conducting questionnaires with business personell, identifying status of relevant IP property owed.
Percentage of sales is a way to determine how much a licensee owes in royalties.
Licenses transfer patent rights to a third party temporarily, while Patent Assignment transfers these
rights permanently. With licensing patent rights ownership does not transfer, no matter how much is
paid in fees. Patent assignment agreements permanently transfer ownership.
You may get recommendation not to grant or take a license in cases when you can successfully create
your own IP, when there is a risk of licensing your IP to companies who might lessen the value of
your IP, royalties are too high and may restrict the growth of your business, the IP to be licensed may
be too weak or easy to work around, so it may not be worth investing in a license at all.