Licensing Trade Secrets: Risks and Benefits, License and Payment Terms, Boilerplate Language

Avoiding Litigation, Allocating Risk, and Maximizing Trade Secret Value

A live 90-minute premium CLE video webinar with interactive Q&A


Tuesday, July 13, 2021

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, June 18, 2021

or call 1-800-926-7926

This CLE webinar will prepare IP counsel to craft trade secret licenses. The panel will discuss the risks and benefits and review key clauses. The panel will outline best practices for structuring the agreement to avoid litigation, allocate risk, and maximize value.

Description

The licensing of trade secrets can include pitfalls. Learn how a licensor continues to receive royalties 90 years after the trade secret became public. Moreover, a federal court has ruled that the payments should continue as long as the product is sold.

New technology often includes trade secrets. Companies may need to share the trade secrets with business partners, manufacturers, and others to realize the full economic value of the trade secrets. Licensing trade secrets allows the owners to leverage business resources and access markets that they would otherwise not have.

However, licensing trade secrets is not without its challenges, the chief of which is preserving secrecy during the negotiation, performance, and termination of the licensing agreement. Confidentiality is one of the license conditions, but without proper monitoring, there is a risk that the trade secret information will be disclosed to third parties.

Licensing agreements should include critical provisions such as confidentiality, payment structure, termination, indemnification, and limitations on liability. By understanding the essential elements and the common pitfalls, counsel for trade secret owners and licensees can effectively structure and negotiate the agreements in their clients' best interests.

Listen as our authoritative panel of IP attorneys examines trade secret licenses, discusses the risks and benefits, reviews key clauses, and provides best practices.

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Outline

  1. Risks and benefits
  2. License terms
  3. Payment terms
  4. Boilerplate language
  5. Best practices

Benefits

The panel will review these and other key issues:

  • How can counsel prevent the loss of trade secrets?
  • What are the key contract terms to include in a trade secret license?
  • What pitfalls should be avoided?
  • What factors must be considered to avoid or minimize litigation?
  • What lessons can be learned from recent court decisions?

Faculty

Augustyn, John
John M. Augustyn

Shareholder
Leydig Voit & Mayer

Mr. Augustyn is currently active in all facets of patent litigation, client counseling, and prosecution, particularly...  |  Read More

Krieger, Justin
Justin Krieger

Partner
Kilpatrick Townsend

Mr. Krieger is a first chair inter partes review and post-grant review litigator with a tremendously successful track...  |  Read More

Attend on July 13

Early Discount (through 06/18/21)

Cannot Attend July 13?

Early Discount (through 06/18/21)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include program handouts.

To find out which recorded format will provide the best CLE option, select your state:

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