Negotiating Partnerships: Increase profits and reduce risks

Rights

In any contract, there are many rights that should be discussed and regulated by the contract terms. Not only does this provide an opportunity of creating added value, it also prevents many future disputes from even arising.

For example, a buyer wants to place a development assignment. He pays for the development and gets a product with which he is satisfied. Will the seller be entitled to sell this or similar products to other customers? Will this right be unrestricted, or is it going to be restricted to certain markets, a specific period, should some customers be excepted, or must it be a full year before anyone else may buy the same product? Is the buyer who paid for the development entitled to some kind of royalty? Will the customer ...