In this conversation, Sujit Christy and Tanuki Goonesinghe discuss the key considerations when licensing AI technologies, particularly regarding intellectual property rights. They cover topics such as IP ownership, scope of the license, rights to enhancements and improvements, confidentiality and trade secrets, payment terms, compliance with specific laws, dispute resolution mechanisms, and data privacy and security. They emphasize the importance of building a framework for licensing and commercialization of AI and the need for alternative dispute resolution methods. They also mention the growing trend of licensing agreements in Sri Lanka and the importance of putting agreements in writing. The main takeaway is that businesses using AI should start having conversations about licensing and commercialization to protect their investments and ensure successful global expansion.