IP Due Diligence in Collaboration Agreements
Collaboration with business partners or even competitors is becoming more and more common. When two or more parties agree to cooperate in creating or developing new products, the need arises for an agreement that includes arrangements related to intellectual property. One aspect of intellectual property that must be considered when you are about to enter into a cooperation agreement with another party is IP due diligence. In particular, an agreement in this context is an agreement between two or more parties to develop a product, process, or conduct research for innovations. In the above-said collaboration, the parties will bring with them their intellectual property which is significant for cooperation. Because of this, due diligence on the intellectual property of the party you are working with is crucial. With IP due diligence you will find out whether a party has the right to exploit the intellectual property which it claims to have. With IP due diligence y...