This CLE webinar will prepare IP counsel to craft trade secret licenses. The panel will discuss the risks and benefits and review key clauses, including license and payment terms and boilerplate language. The panel will outline best practices for structuring the agreement to avoid litigation, allocate risk, and maximize value.

Description:
Trade secrets cover a significant portion of new technology. Companies often need to share the trade secret with business partners, manufacturers, and others to realize the full economic value of a trade secret. Licensing trade secrets allows the owners to leverage business resources and access markets they would otherwise not have.

However, licensing trade secrets is not without its challenges, the chief of which is preserving secrecy during the negotiation, performance, and termination of the licensing agreement. Typically, confidentiality is one of the license conditions, but without proper monitoring, there is a risk the trade secret information will be shared with third parties.

Licensing agreements should include critical provisions such as payment structure, sublicensing rights, indemnification, and limitations on liability to avoid litigation. By understanding the essential elements to include--and the common pitfalls--in trade secret licensing agreements, counsel for trade secret owners and licensees can prepare to effectively structure and negotiate the agreements in their clients' best interests.
Listen as our authoritative panel of IP attorneys examines trade secret licenses, discusses the risks and benefits, and reviews key clauses, including license and payment terms and boilerplate language. The panel will outline best practices for structuring the agreement to avoid litigation, allocate risk, and maximize value.

Outline:

1. Risks and benefits
2. License terms
3. Payment terms
4. Boilerplate language
5. Best practices

Benefits:
The panel will review these and other key issues:

• How can counsel minimize the risk of the loss of exclusive control over trade secret information?
• What are the key contract terms to include in patent licensing agreements?
• What pitfalls should be avoided? What factors must be considered to avoid or minimize litigation?