The Benefits of Getting a License Agreement for Your Business The Benefits of Getting a License Agreement | Page 5

However , perhaps the major downside to this agreement is the threat to confidentiality . When you give someone the right to your business you may have to share some production secrets or strategies . This puts the company in the position of getting disclosed as no one can vouch for one of their employees breaking the confidentiality . Although these situations can be avoided if you negotiate well and devise a fool proof , loop hole free contract .