5.102 Contracts for Entrepreneurs II: Startup Issues

This course addresses many issues that face startups in contracts. What is a license? What rights should you give and receive in a license, what factors affect the field of use and scope of the license, and what are some common terms around exclusive licenses? What are common issues related to payments and royalties, including timing, computation, net or gross sales definitions, and audit rights? Who owns intellectual property created when two companies work together? How can you protect your IP from claims of joint ownership and contamination? What are common issues in software contracts for startups? What is open source software and is it a good or a bad thing for a startup to use? How do you understand and allocate risks in contracts? (Course released March 9, 2021)

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