Contract terms Flashcards
What is the purpose of a warranty in a contract?
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What is the purpose of an indemnity in a contract?
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Example of a warranty in a contract
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Example of an indemnity in a contract
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What is an important warranty that you should include in an IP contract?
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What is an important indemnity that you should include in an IP contract?
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What is an Assignment Agreement?
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What are the typical remedies for breach of contract?
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Who are usually the two parties to an NDA?
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If you are the Receiving Party in an NDA, which of the following destruction clauses is better and why:
(a) ‘you agree to return all documents to us at the expiration of the NDA or at our request’ or
(b) ‘you agree to return all documents ot us at the expiration of the NDA and at our request’?
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What is a licence in an IP?
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What types of IP licences are there?
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What is an exclusive licence?
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What is a non-exclusive licence?
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What is a sole licence?
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Why is a licence often a better solution than an assignment agreement?
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