Re: IP transfer question

"James Meyer" <jmeyer@xxxxxxxxxxx> wrote in message
news:g8qv41heaviputq398s0hvha32nkn1ferr@xxxxxxxxxx
> Someone who acts as his own lawyer has a fool for a client. That's a
> trite saying, but like many, is true.

I have a lawyer. I'm trying to gain additional points of view.

Someone who acts as his own lawyer does indeed have a fool for a client.
But someone who assumes that his lawyer (or other professional) knows
everything there is to know, isn't doing due diligence. If I were sick, I'd
look up the side effects of the medicine my doctor prescribed. If my pipes
were leaking, I'd get a bid from more than one plumber.

All I'm trying to do is learn more about the customary, fair solutions to a
common engineering business situation. My interest is in forming an
agreement that will be a win for both parties and will not blow up in our
faces later on. A contract based on a bad agreement is a liability, not an
asset. To have a good contract, you need to have a sensible, fair
agreement, based on clarity, shared values, and practical experience.

It seems reasonable to ask what agreements folks here have used in this
situation. There is a range of solutions, some with hidden gotchas that I
would like to avoid. Asking for the experience of others seems a good way
to do that, if they are willing to share those experiences.

Jim (or others), in your experiences with IP licensing, what was your
solution to the problem of defining when royalties are no longer due?
(Thanks, John W., for your answer.)


.

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