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Showing posts from May, 2014

Kacharagadla Featured Article

4 Ways Games Can Help Your Company Innovate

Innovation produces employees who think fresh thoughts. The more innovative your team is, the quicker it can solve problems, as it's constantly anticipating potential roadblocks. Equally as important, an innovative mindset engages your employees in a way that makes them feel connected to their work. They not only feel more satisfied within their roles, but they also become more service-oriented toward customers.   However, in the hustle and bustle of a startup, innovation isn’t easy. Companies find themselves either stuck in a creative rut where they’re unable to push past initial visions or plagued by “shiny object syndrome.” Thankfully, practice makes perfect -- just take a look at Google. The company enacted a “20 percent rule” that encouraged employees to spend 20 percent of their time on personal projects. Some of Google’s best products -- Gmail, AdSense and Google Talk -- came from this initiative. Related: How Gamification Is Engaging Customers and Employees Alike A policy like …

3 Pitfalls to Avoid in Licensing Agreements

Whether you are a licensee manufacturing a product or the brand owner licensing your product, the definitions, requirements and terms stipulated in the licensing contract are crucially important. Since many of us have no idea how to go about finding a brand licensing professional, we relegate negotiation of the business terms to our attorneys
The truth is, attorneys are qualified to address the legal language, such as reps & warranties, indemnification and infringement, but in most cases are not familiar enough with licensing agreement terms, including test protocols, authorized channels, approvals and quality controls, to negotiate them properly on our behalf. Unless you, or someone on your team, has experience in negotiating licensing agreements, you risk falling into one of the three most egregious business term pitfalls in standard licensing contracts. Watch out for:
Nets sales.This may be the most important definition in any licensing contract. The royalties owed are dependent …