the escrow agreements in cumputer programs license contracts

Collective Agreements : Incentive Contracts

The paper considers collective agreements that are signed by a government agency and an industry which have an energy saving target. The target achievement is observable, but the energy saving actions undertaken by firms in the industry are not. We consider such agreements as firm contracts that depend on whether the industry complies with the target or not. We show that first best regulation c...

Overreaching Provisions in Software License Agreements

Understanding software license and services agreements.

Introduction Hospitals, dialysis facilities, and nephrol-ogy practices are continuously purchasing and upgrading their software in order to more efficiently operate their businesses and enhance the quality of care provided to their patients. Whether relating to billing , electronic medical records, or other software, vendors present these providers with Software License and Services Agreements ...

Cross-License Agreements in the Semiconductor Industry: Waiting to Persuade?

In various industries cross-licensing is considered a useful method to obtain freedom to operate and to avoid patent litigation. In this paper we study the trade-o¤ between litigating and cross-licensing that …rms face to protect their intellectual property. We present a dynamic model of bargaining with learning in which …rms’ decision to litigate or cross-license depends on their capital inten...

License Auctions with Royalty Contracts for Losers

This paper revisits the standard analysis of licensing a cost reducing innovation by an outside innovator to a Cournot oligopoly. We propose a new mechanism that combines elements of a license auction with royalty licensing by granting the losers of the auction the option to sign a royalty contract. The optimal new mechanism eliminates the losses from exclusionary licensing without reducing bid...

Valuation of Discount Options in Software License Agreements

Many companies rely increasingly on licensed standard software for system software and applications. Beside the regulation of the usage conditions the software licensing agreements incrementally include charged services, such as software upgrades and user training, as a part of the contract or optional with a fee, which can be drawn by the licensee during the term of the contract at a reduced p...