Which Of The Following Statements About Licensing Agreements Is True

Which Of The Following Statements About Licensing Agreements Is True

Christian, Glynna K. “Joint-Ventures: Understanding Licensing Issues.” The licensing newspaper. October 2005. The Creative Commons Attribution License (CC BY), the latest version of which is CC BY 4.0, was designed to facilitate open access, as defined in the movement`s founding documents, such as the 2003 Berlin Declaration. Open access content must be available online for free and, by legalizing under CC BY, the authors give users the right to broadcast and reuse the work. , and the only caveat is that the authors are properly re-ensensed. This liberal license is the best way to facilitate the transfer and growth of scientific knowledge. For this reason, the Open Access Scholarly Publishers Association (OASPA) strongly recommends the use of CC BY for open-access publication of research literature, and many research proponents around the world recommend or request that the research they support be published under cc BY. For example, donors as diverse as the Wellcome Trust, Australian governments, the European Commission`s Horizon 2020 framework programme, or the Bill and Melinda Gates Foundation. One of the most important elements of a licensing agreement is the financial agreement.

Payments made by the licensee to the licensee are usually made in the form of guaranteed minimum payments and royalties for sales. Royalties are generally between 6 and 10 per cent, depending on the ownership and the degree of experience and sophistication of the licensee. Not all licensees need guarantees, although some experts recommend that licensees receive as much compensation in advance as possible. In some cases, licensees use warranties as the basis for renewing a licence agreement. If the taker completes the minimum sales figures, the contract is renewed; Otherwise, the licensee has the option of terminating this relationship. Licensing and the agencies that mandate them are often criticized by libertarians such as Milton Friedman for creating an anti-competitive environment for the professions, creating a barrier to access for qualified and qualified individuals who may not have the means to obtain the necessary licenses. According to Friedman, licensing and licensing have become so cumbersome because of laws that encourage the current establishment of affluent residents that they reduce the supply of such occupations, increasing prices for the average consumer. The libertarian and anti-authoritarian leftists (anarcho-communists) see competing corporations and other voluntary communities as more beneficial for the dissemination of skills and education necessary for a particular career.

Another important element of a licensing agreement defines the timing of the agreement. Many licensees insist on a strict marketing date for products that are granted to external manufacturers. Finally, it is not in the licensee`s interest to license a company that never markets the product. The licensing agreement also contains provisions relating to the duration of the contract, renewal options and termination terms.

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