Licensing Contracts: Control Rights, Options and Timing

• Main Authors: CRAMA, Pascale, DE REYCK, Bert, TANERI, Niyazi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2017
• Subjects: Research & Development; Innovation; Contract Design; Double Moral Hazard; Business; Contracts; Operations and Supply Chain Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3278; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4277/viewcontent/CramaP_2015_LicensingContracts.pdf
• Institution: Singapore Management University

Research and development (R&D) collaborations, common in high-tech industries, are challenging to manage due to technical and market risks as well as incentive problems. We investigate how control rights, options, payment terms and timing allow the innovator to capture maximum value from its R&a...