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Archive for December 2018

Q. Under what circumstances should a licensor be able to terminate a licensee?

A. A well-drafted termination provision should give the licensor the right to terminate the agreement upon the occurrence of certain events, including: Licensee’s failure to obtain the licensor’s product approvals prior to the distribution of the licensed goods. Licensee’s failure to introduce product prior to the product introduction date; Licensee’s failure to meet the initial…

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