You’ve received the offer of your career. You have an opportunity to license your technology in a deal that you are sure will take your company to the next level. Both sides are ready to actively start negotiations. Congratulations! This is awesome and definitely worth celebrating!
Here are 5 must know tips from a lawyer’s perspective that will help guide you to success!
1. Know your outcomes and priorities
2. Be Prepared
3. Be Patient, but also watch your costs
4. Do a thorough risk assessment
5. Watch out for a mismatch of business values
Visual Guide
A comprehensive visual guide can be found below.
TECH X LEGAL Visual How to succeed in your multimillion dollar tech licensing negotiation
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References
Definition of Murphy's Law - Cambridge Dictionary