Businesses are not free to do what they want in intellectual property licensing arrangements. Licensing is regulated by a variety of different laws and regulations, ranging from antitrust and intellectual property law to contract and constitutional law. If they violate these laws, businesses risk nullifying the contract, losing their rights, the intellectual property, paying fines, and/or accepting criminal liability. This volume provides a systematic description of the business decisions underlying intellectual property licensing strategies and the terms of the agreements. It shows how the law impacts the terms, particularly the financial ones, of licensing arrangements and vice versa.