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How long does it take to negotiate a license?

April 26, 2017license negotiate

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How long does it take to negotiate a license?

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It can take less than one week to negotiate terms and execute an agreement, but more commonly the process takes a couple of months. OTC has reasonable template agreements which, if used in their entirety, leave only the business terms such as compensation up for discussion. If a partner is unable to accept certain terms or language in the OTC template, a more extensive legal review process is required. The length of the negotiation depends upon the number of iterations.