Almost everything provided inside a mine these days by suppliers has a strong technological component as part of the offering. In many cases, the underlying technology is the only component. This is why suppliers need to take the proper steps to manage intellectual property when entering into contracts with clients.
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Protecting Intellectual Property of Mining Suppliers
After a long sales cycle, the immediate focus for many mining technology and service providers is simply securing or being awarded the work but intellectual property is business-critical and should be treated as such. Mining Suppliers need to ensure they have well drafted clauses that protect their intellectual property while also often giving them the ability to use the data collected to improve their solutions.
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Non-Disclosure Agreements – A Tool for Protecting Intellectual Property
Most business executives will agree that confidentiality agreements are a necessary tool to protect their intellectual property. What often is missed is whether they are being used properly. This starts with ensuring that each employee understand why we use them, when to use them, and how they should be used.
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IP Clauses for METS Companies
The solutions and technology being commercialized today are more complex than they were in the past which means there is a strong need for companies to ensure they are protecting their intellectual property when entering into contracts with clients.
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METS Practical Advice: Managing Intellectual Property in Contracts
We often find that when mining technology and services companies are reviewing a mining services contract, IP is merely a secondary consideration even though it should be an essential part of the contract. It is critcal for METS companies who are entering into contracts to understand how to protect their intellectual property.
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Managing Intellectual Property in Distribution Relationships
One part of a distribution agreement that is often overlooked is how confidential information and intellectual property are managed throughout the relationship. A well drafted distribution agreement will ensure that the intellectual property is properly managed as to not put the company’s biggest asset at risk.
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