What should be included in a licensing agreement for catalysis technology?
A licensing agreement for catalysis technology should include:
Scope of License: Define the specific rights granted, such as the use of a particular catalyst or process. Term and Termination: Specify the duration of the agreement and the conditions under which it can be terminated. Financial Terms: Outline any upfront fees, royalties, or milestone payments. Performance Obligations: Detail any performance metrics or milestones that must be achieved. Confidentiality and IP Rights: Ensure ongoing protection of proprietary information and clarify IP ownership.
