Licensing agreements are the most effective way to protect intellectual property. It enables the intellectual property owner to approve other parties’ use, resale, and alteration of the property for a mutually agreed-upon price, without relinquishing ownership. There are three main types of licensing agreements: For licensing agreements to be effective, a few elements must be …
A patent is an exclusive right awarded to an innovation. It grants the patent owner the right to prevent others from commercially exploiting the patented invention. Commercial exploitation is the commercial manufacturing, use, distribution, importation, or sale of a patented innovation by someone other than the patent holder. In general, any individual to whom the …
Written terms and conditions, or T&Cs, are legal papers that website and app owners develop to regulate their relationships with consumers or end users. They are legally binding documents if they are valid and enforceable. T&Cs can also be referred to as terms of service (ToS) or terms of usage (ToU), and they typically include …
Your Terms and Conditions should begin with a quick explanation of the general terms under which the agreement is formed. This will usually include the conditions of the agreement and how much notice is required to terminate it. It should specify any requirements for accepting the agreement, such as age. This ‘generic information’ will normally …
How To Draft Terms And Conditions For The Website Read More »
Though the specifics of each contract will differ when drafting a contract, it must include a few key pieces of information to be valid and legally binding. First, every contract must include capable parties; someone who is mentally incapacitated or a minor cannot legally sign a contract. Then, the document must include: Offer Acceptance Consideration …
A franchise agreement is a legally binding contract between a franchisor, the owner of a business or brand, and a franchisee, who buys the right to operate a business using the franchisor’s name and business model. In exchange for the right to use the franchisor’s intellectual property, the franchisee pays an initial franchise fee as …
How To Write A Franchise Agreement Some Tips To Consider Read More »
A written non-disclosure agreement, commonly known as an NDA, is a legal contract that prohibits parties from disclosing confidentiality agreements unless explicitly authorized. An NDA identifies private information and limits its distribution both within and outside of your organization. Non-disclosure agreements are frequently used in business with employees, vendors, customers, investors, and other third parties. …
A lease is a transfer of occupancy rights over the property for an agreed-upon time term and monetary amount. It is vital to emphasize that in a lease, the property’s ownership does not transfer. The Transfer of Property Act (1882) governs the transfer of immovable property. Essentials of drafting Leases Agreements Key Drafting Points A …
