What are the best practices for including intellectual property in a sales contract?
When you sell a product or service that involves your intellectual property (IP), you need to protect your rights and interests in a sales contract. IP is any creation of the mind that has value, such as inventions, designs, logos, software, or content. A sales contract is a legal agreement that defines the terms and conditions of the sale, such as price, delivery, warranties, and liabilities. In this article, you will learn what are the best practices for including IP in a sales contract, and how to avoid common pitfalls and disputes.