Introduction to Technology Licensing


In this volatile, Internet-driven economy,the lifeblood of many commercial firms is their technology; This technology; or the

intellectual property which embodies it,may be developed in-house or externally acquired but is usually jealously guarded yet

often traded like rare baseball cards. A business lawyer may easily find himself or herself representing either the owner of the intellectual property or the recipient of the right to use the intellectual property. Thus, the attorney must be knowledgeable about the types of agreements which effectuate these transfers of technology; The purpose of this article is to familiarize such a lawyer with the key provisions of a technology license agreement and with some of the issues which arise out of licensing transactions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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