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Contractual
arrangement in which the licensor’s patents,
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trademarks,
service marks, copyrights, trade secrets, or other
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intellectual
property may be sold or made available to the
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licensee for
compensation defined in advance.
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Faster
entry with fewer trade restrictions, legal risks or
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financial
risks
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May
be associated with cross licensing or grantbacks on
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improvements
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Includes
franchising
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May
be loss of control, lower opportunity profits than direct
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sales and
risks of loss of knowledge to a potential competitor
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Need
to review product liability laws and repatriation of
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royalties and
dividends
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Review
anti-trust and monopoly laws in USA and Overseas
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country
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