[Verse 1] Sarah sits across the boardroom table, contract in her palm Twenty-year commitment makes her stomach twist, she needs to stay calm "Five years max," she counters, "with renewal options clean Technology shifts faster than your legal team has seen" [Chorus] Term length, terminate, improve and arbitrate T-T-I-A, negotiate your fate Scope creep, mutual breach, IP ownership race Remember these four pillars when you're pleading your case [Verse 2] Termination clause reads "convenience" on their side alone But convenience cuts both ways when partnerships have grown "Material breach with thirty days to cure," she writes instead "And if you merge or sell, this whole deal drops dead" [Chorus] Term length, terminate, improve and arbitrate T-T-I-A, negotiate your fate Scope creep, mutual breach, IP ownership race Remember these four pillars when you're pleading your case [Verse 3] "Who owns improvements built upon our code?" The question hangs like thunder in the room Joint ownership or licensing bestowed? This clause could spell your product's early doom [Bridge] Delaware courts or arbitration's veil? Discovery limits, confidential trail Mediation first before the battle starts Sometimes compromise protects both parties' hearts [Chorus] Term length, terminate, improve and arbitrate T-T-I-A, negotiate your fate Scope creep, mutual breach, IP ownership race Remember these four pillars when you're pleading your case [Outro] When contracts get complex and lawyers multiply Just recall the TTIA and reach up for the sky
← Cross-Licensing and Patent Pools | IP Licensing Risk Management →