Licensing Contracts: Control Rights and Options

Multimedia Licensing Contracts: Uses and Rights

Impressive computer-based collections efforts have created storeholds of museum images that are being sought for boundless educational, reference and entertainment opportunities in the new technologies, both because museums contain vast content for these informational products and because there is a general assumption that rights clearance will be easier when approaching one source. But, the de...

1 Allocation of Control Rights in Fruit and Vegetable Contracts

Joint Control and Redemption Rights in Venture Capital Contracts * Introduction

Often entrepreneurs and investors agree to governance mechanisms that resemble joint control – neither agent has dominant control of the firm, and corporate decisions unspecified in the initial contract are made only with the approval of both agents. This contradicts theoretical predictions that joint control is suboptimal, except under some limited circumstances. I develop a theoretical model ...

Intellectual Property Rights, Licensing, and Innovation

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

The allocation of control rights in venture capital contracts

Venture capitalists often hold extensive control rights over entrepreneurial companies, including the right to fire entrepreneurs. This paper examines why, and under what circumstances, entrepreneurs would voluntarily relinquish control. Control rights protect the venture capitalists from hold-up by the entrepreneurs. This provides the correct incentives for the venture capitalists to search fo...