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3. What are the Terms of the Licensing Agreement?
Licensing agreements can vary widely in terms of scope, duration, and financial arrangements. Key terms to consider include:
Royalty rates
Upfront fees
Territorial rights
Exclusivity
It is advisable to consult with a legal expert to ensure the agreement aligns with your business objectives.
Frequently asked queries:
1. What is the Market Potential?
2. Who are the Potential Licensors?
3. What are the Terms of the Licensing Agreement?
4. How Will the Intellectual Property be Managed?
5. What Support Will be Provided?
6. What are the Risks and Challenges?
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