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International IP Strategy

IP licenses for less than a year need not be in writing.

A clause in a licensing contract that requires any improvement made by the licensee to be assigned to the licensor is called:

IPR contracts have both express and implied provisions.

When one person receives a consent to use another person’s invention, even though there is no discussion to pay a royalty, the law implies that the user must pay compensation to the inventor.

An improvement to a licensed technology made by a licensee automatically becomes the property of the licensor.

The U.S. Supreme Court held that an agreement that extends royalty payments beyond the life of a patent is enforceable.

Some countries require notarial seal in order to transfer intellectual property rights (IPR).

Territorial restrictions on sales by licenses may violate European Union “competition law.”

Royalties based upon the licensee’s overall sales are known as ‘sweetener royalties.’