A Practice Note discussing key considerations in intellectual property (IP) sublicensing, including the IP owner's control over the selection and performance of permitted sublicensees, the scope and duration of the sublicense, compensation to the IP owner, and protections for the sublicensee, including if the licensee breaches the primary license agreement or files for bankruptcy. This Note includes drafting tips for both the primary license agreement and sublicense agreement from the perspective of each of the IP owner, licensee, and sublicensee.