Eps 83 - Collaboration Legal Issues: How to Share Ideas without Sharing Ownership
Let’s discuss key issues and considerations when entering into a collaboration with colleagues, shedding light on crucial legal aspects that often go unnoticed.
Key Takeaways:
Ownership and Licensing: When collaborating, it's essential to clearly define ownership of preexisting materials and set limitations on their use through licensing agreements.
Joint Work Rights: Without a collaboration agreement in place, each collaborator owns 100% of the new materials created, allowing them to exploit the copyrights individually. Clear terms on revenue sharing and use rights are crucial to avoid potential conflicts.
Collaboration Agreements: A well-crafted collaboration agreement should outline desired terms and restrictions upfront, ensuring both parties are aligned on the vision and outcomes of the collaboration.
Tune in to the latest episode of the Hourly to Exit podcast to gain valuable insights into navigating collaboration legal issues and empowering your intellectual property.
Connect with Erin to learn how to use intellectual property to increase your income and impact. hourlytoexit.com/podcast.
Erin's LinkedIn Page: www.linkedin.com/in/erinaustin/
Think Beyond IP YouTube Page: www.youtube.com/channel/UCVztXnDYnZ83oIb-EGX9IGA/videos
Favorite Excerpt
As always, podcast episodes provide general information only. So if you have specific copyright questions, I strongly urge you to consult with your IP attorney. If you aren’t sure where to start, contact me for a consultation.
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Music credit: Yes She Can by Tiny Music
A Team Dklutr production
For a full transcription of this episode, click here.