"Although thoroughly deserving of all the trappings of formality, and the associated care put into its creation and execution, a contract should nonetheless describe what the parties have agreed to do in plain English that can be readily understood by diverse audiences."In teaching Intellectual Property (IP) licensing for the Licensing Executives Society (USA & Canada), Inc., we often open with the first principle of contracts: the "contract" is the meeting of the minds between the parties.
#years #restrictions #alternative #uncertainty #traditional #interpretation #commitments #obligations #participant
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