Diligence provisions... Diligence provisions.
In licensing deals, one of the most important things for the originator of the asset is to see that their asset be developed optimally, to get to the market sooner, and to achieve the milestone events and sales needed for contingent payments and royalties for the originator. Therefore we negotiate for performance standards, commonly called diligence provisions, performance required for keeping the asset.
Read more.......
(AKA a measureable and enforceable plan...)