How a Business Hired a Lawyer to Draft a Licensing Agreement in Texas

In 2022, a business in Texas posted a project seeking assistance with drafting a licensing agreement. The client aimed to navigate the complexities of selling their patent-pending live scoring technology while retaining ownership of the data for future customers, such as betting companies and those seeking customized player analyses. They needed guidance on how to craft the agreement to ensure clarity on which entities could access and use their data. As a result, the client received five proposals from licensed lawyers, with flat fee bids ranging from $700 to $1,250, all submitted to meet the client's deadline of over a week.