How do you manage the relationship and communication with the licensees after signing the agreement?
You've done it. You've signed a licensing agreement with a company that wants to use your invention in their products or services. Congratulations! But your work is not over yet. You still need to manage the relationship and communication with the licensees to ensure that they comply with the terms of the agreement, respect your intellectual property rights, and pay you the royalties you deserve. Here are some tips on how to do that effectively.