When licensing a patent, software, copyrightable work, or other intellectual property, it's common to license the property to a particular entity and its "affiliates." When defining the term "affiliates," many license agreements use a "boilerplate" definition that was taken from a previous agreement or form document. But are the parties always sure that the definition includes all parties that they actually intend to include? Does the licensee always benefit from a broad definition, and the licensor always benefit from a narrow one?
Click here to view the full text.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
