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Things every client should understand about intellectual property agreements

Ten keys to success in intellectual property contracting

  • Top executives agree: “Put it in writing, and make it clear.”

  • Use agents: Even CEO’s who thoroughly understand contracts prefer to speak through their attorneys and designated representatives. The reason: negotiating through your agents increases your power; going around them reduces it.

  • Creating a good contractual relationship is like any other project --- you need a good team, a good manager, project milestones, and deadlines.

  • Insist that project team members engage in “responsible writing” (i.e., that they author external publications, internal memos, and emails with due care).

  • Engage in ethical contracting practices as these result in stronger, more profitable agreements.

  • Do your homework. Good negotiation sessions begin with good planning.

  • Review license language with care.

  • Be explicit about confidential information.

  • Be explicit about rights in improvements.

  • Read the contract (and insist that it be readable).

Our principal office is in Richardson, Texas. Our clients are nationwide.
If you’re in the greater Dallas-Fort Worth metroplex, you’re next door.
Give us a call.

Law Office of Paul W. Fulbright, PLLC
2003 J J Pearce Drive
Richardson, Texas 75081
Office Tel: (972) 907-8679
Office Fax: (972) 907-8879

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