Attorney M. Keith Lipscomb of Lipscomb, Eisenberg & Baker, PL has been a member of the firm since 2008. Applying his knowledge of commercial law, Keith Lipscomb provides legal guidance for businesses facing Uniform Commercial Code disputes.
Established by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, the Uniform Commercial Code (UCC) governs proper practice of commercial transactions between states and territories. Sales transactions encompass sale of goods, leases, contracts, and borrowed funds. While the law is not federally regulated, all 50 states have adopted the UCC as a guideline for its ongoing transactions. However, should a dispute occur, only states with active UCC rules are protected under law.
Regarded highly in American law, the model code can be modified by a state with the National Conference of Commissioners’ approval. The commissioners are comprised of attorneys, judges, law professors, and legislators who serve throughout the United States. Reviewing a state’s altered UCC, the commissioners may require revisions before consenting to its use.
At Lipscomb, Eisenberg & Baker, P.L., in Miami, Florida, M. Keith Lipscomb serves as a trial attorney, commercial litigator, and intellectual property lawyer. Among M. Keith Lipscomb’s practice areas is the running of intellectual property licensing campaigns, particularly for brand owners and software firms.
Licensing is one of the most lucrative ways to put one’s intellectual property to work. Through this process, the owners of trademarks, copyrights, and patents allow others to use their creations, while maintaining some measure of control over their presentation. Licensing also brings additional financial and branding opportunities.
When considering licensing, intellectual property holders must take numerous factors into account. Meeting with potential licensees offers the opportunity to learn about their intended use of the material. Holders may then individualize agreements, defining the circumstances in which licensees may adopt the item. The customizability of licenses requires owners to contemplate different pricing terms and agreements; while flat-fee, lump-sum payments might be suitable for some situations, for other cases it might be more beneficial to negotiate royalty payments across an expanse of time. Moreover, licensing agreements may lead to relationships that extend beyond the length of the original contract, so companies should consider whether to maintain long-term partnerships as well as how to make these arrangements satisfactory for both parties.