's valuation of the innovation, and limited control over the licensee's development efforts. A licensing contract typically … contract structure changes with the licensee's valuation of the innovation. As the licensee's valuation increases, the licensor … contract …

The assertion that a 'license' is simply a 'contract not to sue' has become a commonplace in both copyright and patent … unproductive channels. At root, a license is not a contract, but a form of property interest. It may be closely intertwined with a … of contract doctrine alone. In this article, I seek to explain the complementary but parallel roles played by property …

final product market. Above all, it is shown that a linear form for the royalty contract always suffices in equilibrium … sections), we shall be interested in exactly when a linear royalty contract is efficient, since these types of contract are so …