Lexology November 29, 2022
Life sciences collaborations often involve long-term complex commitments. For business development professionals and in-house lawyers, mitigating risk means striking a delicate balance at every phase of the life cycle.
At the contracting phase, parties must balance clarity with flexibility to allow for unknown future circumstances. At the operational phase, they should balance managing alliances with preserving rights. Finally, when a dispute arises, they must balance the competing objectives of enforcing rights and fostering a long-term productive partnership.
This briefing highlights steps business development professionals, alliance managers and in-house counsel can take at each stage of the life cycle of a typical life sciences transaction to reduce the frequency of these disputes and protect their employer’s position when such disputes do...
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