How do I negotiate an AI licensing agreement?

How do I negotiate an AI licensing agreement?

Negotiating an AI licensing agreement involves understanding the technology, its applications, and the terms that protect both parties.

What key terms should I include in the agreement?

Key terms include scope of use, payment structure, intellectual property rights, confidentiality, and termination clauses.

How can I ensure compliance with the agreement?

You can ensure compliance by including clear reporting requirements, regular audits, and penalties for breaches in the agreement.

What are common pitfalls to avoid during negotiations?

Common pitfalls include not defining the scope clearly, overlooking future developments, and failing to address dispute resolution.