This paper analyzes the contract terms of licensing agreements, based on a sample of contracts of transmission of technology between Spanish and foreign firms. It also presents a model that is in accordance with some stylized facts. We will focus our attention on the elements which explain the contract terms. In particular we analyze the consequences of the inclusion of know-how in the license agreement on the contract terms.
- Licensing Contracts,
- Moral Hazard,
Available at: http://works.bepress.com/xavier_martinez_giralt/6/