Optimize Technology In-Licensing Deals

In designing new products and services for the agriculture industry, companies may consider licensing technology as a means of getting to market quickly while reducing risk in the development stage.

This type of transaction, known as "in-licensing," can expedite end user access to the innovations of scientists and engineers who specialize in vaccines, feed, genetics and food safety, as well as industry-specific software, data analysis/benchmarking and accounting applications.

Although in-licensing can result in a successful arrangement for both licensees and licensors, a number of issues must be addressed prior to execution of the agreement. Properly navigating these issues will help you avoid setbacks and get optimal benefit from the transaction.