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