| Intellectual property (IP) due diligence is a crucial component of any transaction involving the transfer of technology and associated intellectual property rights. Whether you are raising due diligence requests or responding to requests, there are numerous logistical difficulties and potential pitfalls. This article presents a series of 'frequently asked questions' in the area of intellectual property due diligence and provides practical solutions to those questions. Although the terms 'seller' and 'purchaser' will be used in this article, the principles discussed generally apply equally to a licensor and licensee in the context of agreements such as straight licences, collaboration agreements involving cross-licensing, and joint ventures for exploitation of combined technology. |
