Intellectual property (IP) refers to intangible assets such as patents, trademarks, copyrights, and trade secrets. These assets increasingly represent significant, material value of businesses, and as such, they need to be properly protected and managed in buy/sell agreements. In a buy/sell agreement, the seller is often required to transfer ownership of any IP that is […]
Issues
Intellectual Property Issues in Breach of Contract Disputes
Intellectual Property (IP) is licensed and transferred in many ways. Because of the intangible nature of IP, drafting these licenses can be fraught with problems in defining the IP itself, the rights granted, and royalty triggers, to name a few. Similarly, different types of IP licenses require different protections, like quality control provisions for trademark […]