January 8, 2024

“Maximizing License Agreements with Precision,” Industry Today

In an article published in Industry Today, Bryan Wheelock advises of the dangers of imprecise license agreements, outlining specific cases to explain where potential problems may arise for the licensor or licensee.

“When considering what additional licensees can be added, it is important to define not just who can be added, but when they can be added,” explains Wheelock. “As the Federal Circuit said, if the parties intended to limit the group to those in existence at a certain time, they could have done so.”

Wheelock further discusses how a party negotiating and drafting a license agreement can attain precision by outlining a list of aspects to address and define.

“Parties to a license are usually fairly clear about what they want from the license agreement. However, precision comes when they are equally clear about what they do not want from the license agreement,” writes Wheelock.

To read the full article, you may click here.



Harness IP is celebrating more than 100 years as an intellectual property law firm. Founded in 1921, the firm currently holds a No. 2 ranking from IAM Media for providing counsel to 44 companies with the largest portfolios of issued U.S. patents. The firm also ranks No. 6 for filing the most patent applications on behalf of those companies. Harness IP’s attorneys and IP professionals focus exclusively on patents, trademarks, global IP management, litigation and other IP rights. The firm has offices in metropolitan Dallas, Detroit, St. Louis, and Washington, D.C. Visit www.harnessip.com for more information.