Guide to Drafting Core Clauses of IP Licensing Agreements
IP licensing is a common legal arrangement in technology transfer and commercial cooperation.
An exclusive license prevents the licensor from licensing the same IP to third parties within the territory. An exclusive license even excludes the licensor itself.
Quality control clauses are essential, especially for trademark and copyright licenses. The licensor must maintain the right to monitor the quality of licensed products or services.
The breach of contract clause should establish differentiated mechanisms for different types of breaches, including liquidated damages, compensation scope, and contract termination rights.
