What do you do if use someone else’s work, name or trademark in your work? You will need a licensing agreement. What are the sneaky lawyer tricks and legalize that you will want to look out for in these documents? Author Seth Polanksy walks you through the most common tricks lawyers can use in licensing agreements.
- There are significantly more key terms…and conditions in license agreements.…But I've managed to condense the gotchas down to these few.…Scope.…What exactly is your license for?…Make sure you describe the product…with incredible specificity.…Don't just list "the movie."…What does that include?…DVDs, bluerays, digital, USB stick?…What if any restrictions will the parties impose…on the license?…By market segment, global location, retail outlets?…Geographic Scope.…
This determines the physical area…where a customer may use or sell your product.…Could be a US state, a country, multiple countries…or any combination there of really.…This can get extremely complex extremely quickly…especially when you start combining it…with all the other Ts and Cs of a license agreement.…Term and Termination.…How long is this license good for?…When does it start, when does it end?…Be careful of Ts and Cs elsewhere…that could extend or terminate the license…without any action on your part.…
Consider your fee structure here.…Is there a one time payment?…
Disclaimer: This course is taught by an attorney and addresses US law concepts that may not apply in all countries. Neither LinkedIn (including Lynda.com) nor the instructor represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate information to help viewers understand the basics of the topic presented. The views (and legal interpretations) presented in this course do not necessarily represent the views of LinkedIn or Lynda.com.
- Why do you need a contract?
- Types of contracts
- Asking for an NDA
- Work-for-hire and contractor agreements
- Proposals, quotes, and statements of work
- Licensing agreements
- Delivery and payment terms