Posted by Michelle Grenier on Mon, Nov 02, 2009 @ 08:12 PM
In real property the key to success is often location, location, location. With Intellectual Property the key to success is most often comprehensive well-drafted Agreements. These include joint venture agreements, development agreements, licensing agreements, etc.
Failure to put the terms comprehensive written agreements, is the number one cause of disputes between co-creators. Such agreements have saved friendships as well as business relationships.
It's always less expensive to prevent problems than it is to fix them.