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As some recent cases illustrate, the most important job of the attorney specializing in the licensing of IP is to understand the business deal, reasonably allocate the risks and memorialize the understanding of both parties in writing with unambiguous terms. Litigation is often the result of one party failing to meet its end of the bargain along with terms that do not make it clear whether or not a breach has occurred.
October 31, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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