How is IP managed under cross-licensing or mutual product or service development?

Dai Yoshida / November, 2018

Description

Dai Yoshida is the Founder and Attorney of BlackBelt Legal. After corporate gigs at GE, Blackrock, Sony and a big law firm, Dai Yoshida started his own legal practice. In this video, Dai explains new IP that is created from cross-licensing or mutual product or service development.

Video transcript:

How is IP managed under cross-licensing or mutual product or service development?

A lot of Japanese companies regardless of their size, they ask a lot about the cross-licensing or mutual product or service development where new IP will necessarily be created. The ownership over these new inventions is always tricky. There is no one right way to do it.

It often involves the valuation of the relationship of these parties as well as the future long-term direction of the companies. Depending on that you can negotiate and agree on the ownership use as well as how to divide the proceeds of these mutually developed IPs. But that should be something management is aware of when they enter into the partnership agreement. Basically, IP partnership will trigger some mutual inventions of IP and so it is better to hedge the future issues of ownership by discussing it upfront.

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