IP Licenses Are IP Leases

An intellectual property license is a lease for use of Intellectual property.  If attorneys and their clients understood this elemental principle, then licensing negotiations would often be less complicated, less fought over, and less expensive. Certain words are used in the same manner in both types of agreements, such as the words “term”, “termination”, and […]

Short Post: Defining “Indemnify”

Ironically, failure to properly define the word “indemnify” is the root of significant number of lawsuits because the definition varies from state to state.  In a majority of states, the duty to indemnify does not automatically include the duty to defend the indemnitee. A number of states, including California, define indemnification to cover both legal […]