Represented a large, worldwide manufacturer of pool and recreational products that sought to acquire an early-stage company whose initial products had only recently been introduced to the market. The early-stage company was the licensee of multiple patents but assured our client no royalties would be due for sales of any of the initial products. However, our assessment of the patents and of the license agreement was to the contrary. The firm advised our client that a substantial risk existed that the licensor would complain, helped our client craft specific warranty language for the acquisition agreement, and assisted our client in negotiating a separate escrow fund relating to any royalty claims. Within weeks of closing of the acquisition, our client received a demand letter from the licensor and was able to use the warranty to access the escrowed funds to resolve the matter.