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hello everyone and welcome thank you for joining foley and larner and grant thornton for todays program titled licensing agreements maximizing value while mitigating risk before we get started on todays presentation i would like to go over a few housekeeping items if you have any questions about any of todays topics we invite you to type them into the q a widget on the left hand side of your screen at any time questions will be answered throughout the program time permitting if you experience any technical difficulties with the webinar platform please refresh your browser or see the webcast help guide on the bottom of your screen which is designated with a question mark icon the recorded version of this presentation will be available on foley.com in the next few days and you can find a copy of the slides in the resource list widget on the right hand side of your screen for attendees seeking cle credit a cle code will be announced during the presentation please enter the cle code in