Licensing Executive Society
LES is an organization for in-house counsel and business executives …
Category: Negotiation
Liquidated Damages
The common law description for a clause in a contract …
MAP Program, MAPP
See Minimum Advertised Price Program.
Marking Requirement
United States patent law has a provision, §287(a), that requires …
Marriage Contract First
An aphorism used to remind people of the necessity of …
Material
In simple terms ‘material’ as an adjective means important. In …
Material Adverse Change
Public company (and other business) acquisitions can take a protracted …
Maximalist Negotiator, Negotiating Position
Refers to someone who takes an extreme initial position in …
Mechanical Royalties
Refers to royalties for mechanical recordings, i.e., records, tapes, and …
Mediation
A usually non-binding form of dispute resolution where a neutral …