Licensing and Domains and ADR Flashcards
Basic contents of license
parties, objective of the parties: scope of license, subject matter of license
Subject matter in IP agreements/licensing
identification of product/process, invention, description of know-how, confidentiality, access to technical advances/cross licensing, limitations of the license and anti-competitive practices, territory, permitted field of use, exploitation, settlement of disputes, duration of contract
What is a tie-in clause
contractual provision requiring buyer to purchase goods or services exclusively from the seller as a condition of contract or exportation
Compensation
direct and indirect
what constitutes direct compensation
lump sum, royalties, fees
what constitutes indirect compensation
income from related operations, dividends, cost-sharing, market information, savings
types of licenses
exclusive, sole, simple, non-exclusive, most favored license
what is an exclusive license
licensee will have no competition
What is a sole license
guarantees licensee that licensor will not give licenses to other manufactures within the contractual territory
What is a simple license
provides no guarantees, just constitutes authorization to use the invention
What is a non-exclusive license
means another license may be granted in the same contractual territory
What is a most favored clause
ensures that the licensee receives terms that are as favorable as those offered by the licensor to any other licensee
Government control of licensing agreements
Some developing countries have legal systems which require industrial property licenses and tech transfer agreements be reported to government authorities. Failure to submit within certain time limits may have legal consequences
Who sues for infringement when there is a license at play
The licensor retains the ability and must sue for alleged infringement. The licensee can sue for infringement, but must initiate lawsuit if the licensor fails to sue or if required by contractual clauses
What does domain name registration protect
prevents another person from registering the same domain name, unless other applicant has grounds to dispute the registration by the original owner