1 00:00:00,135 --> 00:00:04,445 Erin Austin: Hey, welcome everyone to this month's LinkedIn live. 2 00:00:04,620 --> 00:00:10,155 I have these every last Wednesday of the month at noon Eastern. 3 00:00:10,330 --> 00:00:14,478 So just so a little housekeeping, these are recorded and you can find the 4 00:00:14,478 --> 00:00:16,898 recording in three different places. 5 00:00:16,918 --> 00:00:20,255 One here on LinkedIn at my profile. 6 00:00:20,450 --> 00:00:25,122 I also have a YouTube channel, the think beyond IP YouTube channel. 7 00:00:25,122 --> 00:00:27,467 I I don't have a link for it, but we can get one later. 8 00:00:27,668 --> 00:00:32,188 and then it is also recorded as an episode for my podcast, the hourly 9 00:00:32,188 --> 00:00:36,348 to exit podcast, which you can find wherever you listen to your podcast. 10 00:00:36,838 --> 00:00:39,355 sometimes though, these don't go as smoothly as. 11 00:00:39,443 --> 00:00:41,733 I would hope they would, and I have to rerecord them. 12 00:00:41,733 --> 00:00:45,713 But generally, what we do today will be part of the podcast as well. 13 00:00:45,950 --> 00:00:49,720 So, one thing about StreamYard is it's completely one way. 14 00:00:49,720 --> 00:00:51,060 I can't see you out there. 15 00:00:51,250 --> 00:00:54,240 Please feel free to use the comment boxes to say hi. 16 00:00:54,413 --> 00:00:59,313 And then also as I go through, Please add your questions as well. 17 00:00:59,493 --> 00:01:05,497 Generally, I will talk to you for about 15 to 20 minutes about our topic of choice 18 00:01:05,790 --> 00:01:11,010 and then we'll have plenty of time for questions and answers and in the event for 19 00:01:11,010 --> 00:01:12,720 some reason, I don't get to your question. 20 00:01:12,720 --> 00:01:14,070 I will make sure that I answer them. 21 00:01:14,263 --> 00:01:16,873 in the comments for this program. 22 00:01:17,137 --> 00:01:19,970 So, as we get started, of course, I have to start with a little 23 00:01:19,970 --> 00:01:24,040 disclaimer that this is legal information, but not legal advice. 24 00:01:24,080 --> 00:01:27,327 And it doesn't, create an attorney client relationship. 25 00:01:27,560 --> 00:01:33,013 And so if you have specific questions about your circumstances, then you do need 26 00:01:33,013 --> 00:01:35,503 to talk to a lawyer about those specifics. 27 00:01:35,690 --> 00:01:36,087 All right. 28 00:01:36,127 --> 00:01:38,337 So let us get started. 29 00:01:38,590 --> 00:01:41,325 today we're talking about collaboration issues. 30 00:01:41,325 --> 00:01:46,035 I know a lot of you, ask me about, have plans to collaborate with colleagues. 31 00:01:46,035 --> 00:01:49,658 I've collaborated with colleagues, maybe even what he's listening right now. 32 00:01:49,887 --> 00:01:53,007 and there are a number of issues that you want to think about, 33 00:01:53,190 --> 00:01:59,177 but collaboration is a great way to leverage your own expertise. 34 00:01:59,263 --> 00:02:01,553 it is you're bringing your ideas. 35 00:02:01,785 --> 00:02:04,985 collaborating with somebody else with, complimentary ideas that is 36 00:02:04,995 --> 00:02:07,465 very much the 1 plus 1 equals 3. 37 00:02:07,630 --> 00:02:11,948 and so, while we'll talk about a couple of things to be mindful of, I do think 38 00:02:11,948 --> 00:02:15,358 they're very valuable and a great way to leverage our intellectual property. 39 00:02:15,543 --> 00:02:21,610 So this is the 3rd step in, my audit protect leverage framework where at 40 00:02:21,610 --> 00:02:25,090 the 1st step with audit, we make sure that we own what we think we own. 41 00:02:25,332 --> 00:02:28,030 We don't want to infringe other people's rights as we're 42 00:02:28,030 --> 00:02:30,320 creating our leveraged offers. 43 00:02:30,568 --> 00:02:34,922 1st, make sure we own everything when we do have rights that are valuable. 44 00:02:34,922 --> 00:02:37,702 We want to make sure we're protecting them using agreements 45 00:02:37,722 --> 00:02:39,658 and copyright registration. 46 00:02:39,658 --> 00:02:39,778 General. 47 00:02:39,950 --> 00:02:44,297 As appropriate and then leverage and collaboration is 1 of 48 00:02:44,297 --> 00:02:46,520 those fantastic processes. 49 00:02:46,937 --> 00:02:48,427 So let's get going. 50 00:02:48,607 --> 00:02:50,533 as you know, surprise, absolutely. 51 00:02:50,533 --> 00:02:50,813 No. 52 00:02:50,813 --> 00:02:54,410 1, the main focus will be the intellectual property. 53 00:02:54,595 --> 00:02:59,805 Elements of collaborations, but it is curating a partnership. 54 00:02:59,835 --> 00:03:01,855 So there are lots of things you need to think about. 55 00:03:01,985 --> 00:03:06,938 we can get very excited about our ideas and we should be excited about them and 56 00:03:06,938 --> 00:03:08,808 who we're going to collaborate with. 57 00:03:08,985 --> 00:03:13,675 But we do need to be thinking really kind of clearly and articulating 58 00:03:13,798 --> 00:03:18,362 what we expect to put into and get out of that collaboration. 59 00:03:18,532 --> 00:03:21,108 And so these are just some of the things I want to make sure 60 00:03:21,108 --> 00:03:22,428 that you're thinking about. 61 00:03:22,578 --> 00:03:26,788 As you enter a collaboration, because it is creating 62 00:03:26,965 --> 00:03:28,775 essentially a general partnership. 63 00:03:28,922 --> 00:03:31,728 And so we'll talk about more of that as we go on. 64 00:03:31,922 --> 00:03:35,802 But, it's not just, the fun times that you're having during the webinar. 65 00:03:35,922 --> 00:03:39,075 There's a lot of stuff behind the scenes that you also need to be thinking 66 00:03:39,075 --> 00:03:41,858 about when you enter a collaboration. 67 00:03:42,035 --> 00:03:44,415 Yeah, by the way, all this stuff will be available to use. 68 00:03:44,415 --> 00:03:45,705 You'll have these slides. 69 00:03:45,928 --> 00:03:48,252 but let's, talk about intellectual property. 70 00:03:48,485 --> 00:03:50,695 So there's 2, angles. 71 00:03:50,725 --> 00:03:53,645 We need to look at intellectual property with our collaboration. 72 00:03:53,798 --> 00:03:57,215 1 is with respect to the pre existing materials that. 73 00:03:57,312 --> 00:04:02,328 Each collaborator is bringing to the collaboration and then the new materials 74 00:04:02,328 --> 00:04:05,468 that will be born from that collaboration. 75 00:04:05,688 --> 00:04:08,618 So, with our pre existing materials, I mean, the reason you want to collaborate 76 00:04:08,665 --> 00:04:12,628 with someone is because they've got some great process skill method 77 00:04:12,810 --> 00:04:17,653 training, something that, combined with yours would make great result. 78 00:04:17,808 --> 00:04:18,440 And so. 79 00:04:18,738 --> 00:04:22,950 On the front end, you're going to need to give each other permission 80 00:04:23,125 --> 00:04:25,257 to use your pre existing materials. 81 00:04:25,475 --> 00:04:30,503 And so you will want to make sure that license is very clearly, always. 82 00:04:30,503 --> 00:04:34,107 I mean, won't say this again that I want everything be in writing. 83 00:04:34,107 --> 00:04:34,467 Right? 84 00:04:34,620 --> 00:04:35,807 And signed by all the parties. 85 00:04:35,837 --> 00:04:38,867 but you want to make sure all these things are very clearly. 86 00:04:39,100 --> 00:04:42,660 set forth, so you want to make sure there are limits on how they can use it. 87 00:04:42,660 --> 00:04:45,570 You don't just give them a license to do whatever they want to with 88 00:04:45,570 --> 00:04:50,087 your pre existing materials in particular, not allowing sub licensing. 89 00:04:50,087 --> 00:04:54,197 This will become much more important as we move through this, conversation 90 00:04:54,370 --> 00:04:56,513 and then mutual indemnification. 91 00:04:57,423 --> 00:05:02,197 If I, take something off of, chat GPT or we're going there, I have something 92 00:05:02,217 --> 00:05:06,703 AI generated and then I contribute it to the collaboration and I don't 93 00:05:06,703 --> 00:05:08,123 really have the rights to that. 94 00:05:08,237 --> 00:05:11,023 And that becomes a source of a claim. 95 00:05:11,200 --> 00:05:12,497 Then we would want to make sure. 96 00:05:12,917 --> 00:05:16,007 Everyone who's contributing to the collaboration is standing 97 00:05:16,007 --> 00:05:19,863 behind the materials that they are contributing to the collaboration. 98 00:05:20,155 --> 00:05:23,720 But the biggest thing, the thing that surprises everyone the 99 00:05:23,720 --> 00:05:28,270 most is what happens with the new materials that are created. 100 00:05:28,483 --> 00:05:31,017 kind of a funny concept that. 101 00:05:31,160 --> 00:05:33,810 In the absence of something in writing, we're going to have something in 102 00:05:33,810 --> 00:05:38,323 writing, but I want to, put the fear of intellectual property law in you that 103 00:05:38,323 --> 00:05:43,007 if you don't have something in writing, what will happen is that the default 104 00:05:43,057 --> 00:05:47,790 is that each collaborator owns 100%. 105 00:05:47,947 --> 00:05:52,520 Of the new materials that are created, and it's a strange concept, but it 106 00:05:52,530 --> 00:05:58,040 basically means that each person has the same rights that 1 person would 107 00:05:58,050 --> 00:05:59,890 have if they owned it by themselves. 108 00:06:00,097 --> 00:06:03,767 So they each own 100 percent so some of the terms that. 109 00:06:03,972 --> 00:06:08,815 All mean the same thing, the same concept of joint ownership under 110 00:06:08,940 --> 00:06:11,522 intellectual property law, under copyright law in particular. 111 00:06:11,703 --> 00:06:18,038 Co ownership, co author, joint author, joint ownership, co copyright, joint work. 112 00:06:18,190 --> 00:06:22,758 They're all talking about the same thing where the default under copyright 113 00:06:22,758 --> 00:06:28,509 law is that those co authors, co collaborators Own 100 percent of the 114 00:06:28,509 --> 00:06:32,709 new materials that were created in the absence of something in writing. 115 00:06:33,026 --> 00:06:35,046 so how does this happen? 116 00:06:35,234 --> 00:06:39,113 It happens when each party, each collaborator makes a 117 00:06:39,133 --> 00:06:41,183 copyrightable contribution. 118 00:06:41,408 --> 00:06:43,978 I'm not going to talk about what copyrightable is today, 119 00:06:43,988 --> 00:06:46,324 but you can, search, my. 120 00:06:46,394 --> 00:06:50,209 Prior linkedin lives or my website for what copyrightable 121 00:06:50,219 --> 00:06:51,673 means, but it has to be. 122 00:06:51,673 --> 00:06:56,169 So if someone does give an, for instance, if someone did contribute something 123 00:06:56,179 --> 00:07:00,029 that was in the public domain, that would not be copyrightable that they 124 00:07:00,029 --> 00:07:01,919 would therefore not be a co owner. 125 00:07:02,063 --> 00:07:07,183 if somebody just contributed, a map of the United States, that's not copyrightable. 126 00:07:07,383 --> 00:07:10,689 so it's someone's contributing something that is copyrightable and 127 00:07:10,689 --> 00:07:15,043 to the final work, and it is the intent of the parties that all the 128 00:07:15,053 --> 00:07:18,093 contributions will create a merged. 129 00:07:18,263 --> 00:07:19,901 Unified whole. 130 00:07:19,993 --> 00:07:22,451 And so what does that look like? 131 00:07:22,593 --> 00:07:23,558 An example here. 132 00:07:23,743 --> 00:07:30,536 2 people co create co author jointly author and illustrated children's book. 133 00:07:30,752 --> 00:07:34,068 So 1 of the co authors provides the text. 134 00:07:34,229 --> 00:07:37,188 The other co author provides the illustrations. 135 00:07:37,494 --> 00:07:45,334 So each will own 100 percent of the entire, so the writer doesn't own 136 00:07:45,354 --> 00:07:49,138 the text and the illustrator artist doesn't own the illustrations. 137 00:07:49,138 --> 00:07:52,638 They each own 100 percent of the entire. 138 00:07:53,308 --> 00:07:57,503 And so, here you're like, okay, well, I guess that's kind of makes 139 00:07:57,503 --> 00:08:00,559 sense because one's creating half and the other one's creating half. 140 00:08:00,599 --> 00:08:01,279 Okay, that makes sense. 141 00:08:01,568 --> 00:08:05,119 What if 1 party does 75 percent of the work? 142 00:08:05,304 --> 00:08:10,814 Let's say it is a chapter book so most of it is text and maybe 143 00:08:10,854 --> 00:08:15,711 at every chapter, there's an illustration, part of the entire. 144 00:08:15,868 --> 00:08:21,598 whole of that book, what happens then is still the same if each party 145 00:08:21,628 --> 00:08:27,924 contributes a copywritable, element and, if it is intended to be created 146 00:08:27,984 --> 00:08:33,074 to create A single whole work that will be, sold together as a unit. 147 00:08:33,266 --> 00:08:38,988 You still have each co creator owning 100 percent of the entire work. 148 00:08:39,313 --> 00:08:40,624 I have a question. 149 00:08:40,624 --> 00:08:46,288 I will go ahead and show it here, which is what if someone contributes already 150 00:08:46,408 --> 00:08:50,608 copyrighted content, well, they have to. 151 00:08:50,813 --> 00:08:52,243 Own the rights to it. 152 00:08:52,313 --> 00:08:55,263 So I'm going to assume that they own the rights to it. 153 00:08:55,409 --> 00:08:57,199 And that would be the same thing. 154 00:08:57,329 --> 00:09:02,029 remember that copyrights arise at the moment of creation. 155 00:09:02,253 --> 00:09:04,783 So you might be creating something. 156 00:09:04,813 --> 00:09:07,626 So, it might be the preexisting material that we talked about that 157 00:09:07,626 --> 00:09:12,755 you're licensing in, or it might be something that you are contributing. 158 00:09:12,938 --> 00:09:18,912 As part of the joint work, and so it will be 1 of the 2 buckets. 159 00:09:18,912 --> 00:09:20,541 So either you own it. 160 00:09:20,650 --> 00:09:24,181 It's pre existing and you're licensing it and you need to own it or have the rights 161 00:09:24,181 --> 00:09:29,141 to contribute it or you are, maybe you're creating a derivative of something, like, 162 00:09:29,141 --> 00:09:34,231 you have a course and you're contributing, something that's derivative from it. 163 00:09:34,241 --> 00:09:37,877 So that would be, something new, but based on something copyrighted. 164 00:09:38,124 --> 00:09:43,481 So 1 of the 2 is going To be the case, so this is why we need collaboration 165 00:09:43,481 --> 00:09:47,371 agreements, because unless you have an agreement to the contrary 166 00:09:47,532 --> 00:09:52,921 again, jointly, equally owned, no matter who contributed how much. 167 00:09:53,129 --> 00:09:53,571 All right. 168 00:09:53,886 --> 00:09:57,556 So why does a big reason this matters? 169 00:09:57,556 --> 00:10:00,212 It's, the 100 percent is kind of, okay, that's great. 170 00:10:00,362 --> 00:10:03,589 What does it mean as a practical matter as a practical matter? 171 00:10:03,619 --> 00:10:08,279 It means that when each person owns 100 percent of the copyright, they 172 00:10:08,279 --> 00:10:14,902 can individually without consent of the other co authors exploit it. 173 00:10:15,011 --> 00:10:20,397 The copyrights as if again, they were a solo copyright owner, so they 174 00:10:20,457 --> 00:10:25,080 on their own without consent of the other copyright owners can grant 2 3rd 175 00:10:25,081 --> 00:10:27,181 parties permission to use the work. 176 00:10:27,357 --> 00:10:27,507 it. 177 00:10:27,689 --> 00:10:32,566 Can only be non exclusive, but they don't need the consent of other parties. 178 00:10:32,791 --> 00:10:37,562 They can sell, like if I own my hundred percent of that work, I can 179 00:10:37,612 --> 00:10:40,612 sell my entire interest to someone. 180 00:10:40,744 --> 00:10:44,536 And now you have another joint owner that you didn't know you're 181 00:10:44,536 --> 00:10:45,689 going to be in business with. 182 00:10:45,932 --> 00:10:48,792 and then you can create derivatives from it as well. 183 00:10:48,932 --> 00:10:49,986 And so these. 184 00:10:50,154 --> 00:10:54,414 Are things that are the default if you don't have a, collaboration 185 00:10:54,414 --> 00:10:58,207 agreement in place that, modifies this, these are just some examples. 186 00:10:58,207 --> 00:11:03,377 Obviously, I mean, anything that a single copyright owner can do co copyright owner 187 00:11:03,377 --> 00:11:08,469 can do without consent of the others, except grant exclusive rights or sell. 188 00:11:08,469 --> 00:11:11,087 The other thing is, or sell the whole thing. 189 00:11:11,097 --> 00:11:13,927 they couldn't sell the whole all the copyrights in the book. 190 00:11:14,231 --> 00:11:14,831 So. 191 00:11:15,014 --> 00:11:20,151 What we do have, we do still have a duty to account to the 192 00:11:20,181 --> 00:11:22,327 other, owners for any profit. 193 00:11:22,407 --> 00:11:27,334 So I can take that illustrated book and I can license, non 194 00:11:27,334 --> 00:11:29,967 exclusive rights for, all of. 195 00:11:30,202 --> 00:11:32,982 South America, to a publisher down there. 196 00:11:32,982 --> 00:11:36,879 I don't need to get consent from the other co owners, but I do have 197 00:11:36,879 --> 00:11:42,036 to account and pay and share the profits that I get from that license. 198 00:11:42,336 --> 00:11:46,102 and so again, you can't sell an exclusive license to South America, but I can 199 00:11:46,102 --> 00:11:49,242 sell a non exclusive license to all of South America, which obviously would 200 00:11:49,242 --> 00:11:51,952 affect the value of the entire property. 201 00:11:52,137 --> 00:11:55,717 So we want to make sure that we have the vendor, we're on 202 00:11:55,717 --> 00:11:56,957 agreement on how to do that. 203 00:11:57,181 --> 00:12:01,517 what do we want to do if we are thinking about doing a collaboration? 204 00:12:01,517 --> 00:12:06,594 One, we have the considerations that we talked about up front, but specifically 205 00:12:06,594 --> 00:12:09,951 with respect to our intellectual property rights, we want to make 206 00:12:09,951 --> 00:12:12,334 sure we are addressing, ownership. 207 00:12:12,517 --> 00:12:20,539 There might be a reason for one party to Own 75 and the other own 25%, which is 208 00:12:20,539 --> 00:12:25,189 really important in the sense of, like, how will revenues be split, which kind 209 00:12:25,189 --> 00:12:27,272 of goes to the revenue sharing as well. 210 00:12:27,406 --> 00:12:30,416 you want to have any limitations on use. 211 00:12:30,762 --> 00:12:33,132 can you create derivatives from it? 212 00:12:33,182 --> 00:12:38,282 Can you, license, parts of it to, look at our example, South 213 00:12:38,282 --> 00:12:39,709 American publishing rights. 214 00:12:40,059 --> 00:12:43,592 And when, we talked about the pre existing material, the beginning, 215 00:12:43,756 --> 00:12:47,856 what can be done with the rights going in, if we haven't clearly. 216 00:12:48,009 --> 00:12:53,371 Set limits on what is being contributed in preexisting material the sub 217 00:12:53,371 --> 00:12:59,574 licensing rights, then those would pass through to my co owner and 218 00:12:59,574 --> 00:13:04,811 therefore to, who I sub license it to and so it really starts at the 219 00:13:04,811 --> 00:13:09,671 beginning for any materials that you're contributing, your preexisting materials. 220 00:13:09,921 --> 00:13:13,537 Controlling what happens on the way in, and then your collaboration 221 00:13:13,537 --> 00:13:18,227 agreement will also control what happens with the joint work and how 222 00:13:18,257 --> 00:13:24,197 it can be used, transferred, exploited on the back end and revenue sharing. 223 00:13:24,197 --> 00:13:26,467 There may be reasons to split revenue sharing. 224 00:13:26,467 --> 00:13:30,967 Maybe 1 person, wants to just get a flat fee or something, and the other one's 225 00:13:30,987 --> 00:13:33,821 willing to take, risk on the upside. 226 00:13:33,964 --> 00:13:37,934 And so maybe you sell the rights, publishing advance, one person gets 227 00:13:37,984 --> 00:13:41,802 100 percent of the publishing advance, and the other person gets all of the 228 00:13:41,812 --> 00:13:45,856 royalties, because it's so, you can do, I mean, these are agreements. 229 00:13:46,142 --> 00:13:46,926 There's not. 230 00:13:47,059 --> 00:13:51,082 any statutory issues, you can make whatever deal makes 231 00:13:51,082 --> 00:13:52,892 sense for your collaboration. 232 00:13:53,092 --> 00:13:53,792 All right. 233 00:13:53,812 --> 00:13:57,952 So that is what I wanted to talk to you guys about. 234 00:13:58,149 --> 00:14:02,967 I would love to get your questions comments and, see, Is there 235 00:14:02,967 --> 00:14:04,550 anything else I can cover today? 236 00:14:04,725 --> 00:14:08,850 And by the way, again, if things come up later, feel free to put it 237 00:14:08,850 --> 00:14:13,355 in the comments in LinkedIn, and I will get those as you get normal 238 00:14:13,465 --> 00:14:15,315 comments and LinkedIn to any post. 239 00:14:15,510 --> 00:14:17,518 And I can, answer them there. 240 00:14:17,700 --> 00:14:19,805 I do welcome everyone to connect with me. 241 00:14:19,805 --> 00:14:23,425 If we're not already connected with me on LinkedIn, please feel free to do that. 242 00:14:23,626 --> 00:14:26,781 And I also am happy to take. 243 00:14:27,006 --> 00:14:32,156 Suggestions for future LinkedIn lives, I, like to talk about 244 00:14:32,310 --> 00:14:37,266 copyrights in particular and contracts and how the two work together. 245 00:14:37,343 --> 00:14:40,620 today's is a perfect example of how the two work together. 246 00:14:40,818 --> 00:14:44,515 the pre existing, was the 1st slide. 247 00:14:44,515 --> 00:14:45,305 I'm going to go back to it. 248 00:14:45,305 --> 00:14:46,345 We got a little bit of time. 249 00:14:46,601 --> 00:14:50,981 So, the pre existing materials, is when we're coming together as a collaboration. 250 00:14:51,195 --> 00:14:54,805 I'm going to assume that each of the collaborators has something 251 00:14:54,815 --> 00:14:56,505 valuable to bring to the table. 252 00:14:56,505 --> 00:14:58,985 That's why we are working together. 253 00:14:58,985 --> 00:15:02,205 Now, it might not be, it might be that 1 of the partners is just a fantastic 254 00:15:02,205 --> 00:15:06,891 facilitator or all of the materials to be created within the collaboration. 255 00:15:07,048 --> 00:15:09,741 But if, for instance, you you have a course. 256 00:15:10,101 --> 00:15:14,391 And you're bringing of the course with you, and that will be 257 00:15:14,391 --> 00:15:16,271 incorporated into this collaboration. 258 00:15:16,271 --> 00:15:19,181 That's going to be maybe have, like, a course on the Internet. 259 00:15:19,191 --> 00:15:22,595 That's kind of a DIY and you're going to be doing a collaboration. 260 00:15:22,595 --> 00:15:24,115 That's going to be an all day summit. 261 00:15:24,241 --> 00:15:27,051 you're going to be taking some of the materials from your course. 262 00:15:27,326 --> 00:15:31,360 And bringing it into this all day summit, you will want to make sure that at 263 00:15:31,360 --> 00:15:36,570 the front end that you have a license, which very clearly defines how the 264 00:15:36,620 --> 00:15:41,470 joint venture, how the collaboration can use your preexisting materials. 265 00:15:41,705 --> 00:15:43,076 And it is especially important. 266 00:15:43,206 --> 00:15:46,540 It's always important when you have an ultra property to have things in writing. 267 00:15:46,710 --> 00:15:50,823 but it's especially important because the joint works that come out of the 268 00:15:50,823 --> 00:15:54,343 collaboration, what you're creating for that all day seminar, for 269 00:15:54,343 --> 00:15:56,403 instance, that will be a joint work. 270 00:15:56,578 --> 00:16:02,225 you want to make sure that what the co owners can now do with your pre 271 00:16:02,225 --> 00:16:05,121 existing materials has been limited. 272 00:16:05,241 --> 00:16:07,761 And so you've limited it at the front end. 273 00:16:08,001 --> 00:16:10,811 sometimes we forget to limit it on the back end, but at least 274 00:16:10,811 --> 00:16:12,081 you've limited on the front end. 275 00:16:12,091 --> 00:16:17,338 So that's when starting negotiation for collaboration agreement, how much do we 276 00:16:17,338 --> 00:16:22,775 want to spell out desired terms versus asking counterpart to make suggestions? 277 00:16:23,111 --> 00:16:26,315 Well, a collaboration agreement should really be that. 278 00:16:26,315 --> 00:16:31,845 I mean, if we go to the, Considerations, you should start with the end in mind. 279 00:16:31,855 --> 00:16:33,665 I mean, you're a facilitators. 280 00:16:33,665 --> 00:16:37,280 I know, you know, what is it that we want to get out of? 281 00:16:37,320 --> 00:16:40,830 Like, what do we want the transformation to be with this collaboration? 282 00:16:41,005 --> 00:16:43,212 Or is each party bringing to it? 283 00:16:43,393 --> 00:16:45,362 And so someone can be the driver. 284 00:16:45,362 --> 00:16:46,832 Often there is a leader. 285 00:16:46,842 --> 00:16:50,408 I mean, it's not at all unusual for 1 person to kind of drive the 286 00:16:50,408 --> 00:16:54,322 collaboration forward and they're really kind of bringing multiple people in. 287 00:16:54,322 --> 00:16:57,368 Certainly that happens with summits and things like that, where there's 288 00:16:57,369 --> 00:17:00,332 maybe 1 person driving and they're bringing in other collaborators. 289 00:17:00,492 --> 00:17:06,952 but it depends on, who has a better idea of where it's going to go. 290 00:17:07,185 --> 00:17:12,082 So if collaborator has the big picture, and they're bringing in the 291 00:17:12,092 --> 00:17:16,982 resources that they need to, make that big idea come alive, then they're 292 00:17:16,982 --> 00:17:18,502 going to start the negotiation. 293 00:17:18,678 --> 00:17:22,745 but sometimes it's 2 people who, go, you know, we should work together 294 00:17:22,925 --> 00:17:23,905 you're going to do it together. 295 00:17:24,035 --> 00:17:27,165 sometimes it's not a collaboration. 296 00:17:27,425 --> 00:17:29,865 Sometimes it's literally just a license. 297 00:17:29,865 --> 00:17:34,372 It's literally could be that, driving force will say who 298 00:17:34,372 --> 00:17:36,472 really just needs to get access. 299 00:17:36,812 --> 00:17:40,885 To somebody else's preexisting materials, I wouldn't call that a collaboration. 300 00:17:40,915 --> 00:17:42,495 I would call that a license. 301 00:17:42,792 --> 00:17:46,782 but when I'm talking about collaboration, like we're really working together to 302 00:17:46,782 --> 00:17:50,435 create the new joint work, if that helps. 303 00:17:50,915 --> 00:17:54,568 All right, everyone will have a wonderful rest of your day. 304 00:17:54,665 --> 00:17:55,755 and thanks for joining me.