Licensing of Trade Secrets and IP
The licensing of the company’s trade secrets and other IP should be consistent with the company’s identification of its trade secrets and other IP and appropriately limited in scope. Among other considerations, the license should be:
- Narrowly tailored to cover only the manufacturer’s required use of the licensed information and IP.
- Revocable and subject to immediate termination when appropriate.
- Sublicensable and assignable only to the extent necessary under the arrangement.