Joint Ventures Attorney in Minneapolis, Minnesota

Low Risk Joint Ventures

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The joint ventures that contain the lowest risks are the ones that are simple agreements. So if you’re simply sharing a patent license, for instance, that’s a great example of a joint venture where you are bringing straightforward technology to the table. They are ingesting that technology, using it in their product line, and there is a fee sharing arrangement or some sort of royalty agreement, which is basically straightforward and allows you to audit and get paid for something, so it’s relatively simple.

Minneapolis patent attorney Mark Stignani discusses which types of joint ventures carry a lower amount of risk.

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