View
220
Download
0
Category
Preview:
DESCRIPTION
Contractual Provisions Licensed Property o Definite and Specific o Use in respect of specific goods / services
Citation preview
ANATOMY OF A LICENSE AGREEMENT
Licensor, Licensee and Licensed Property
Title to the Intellectual Property being licensed
Written agreement
Licensing Agreements
Contractual Provisions
Licensed Property
o Definite and Specific
o Use in respect of specific goods / services
Contractual ProvisionsGrant of License
o Definiteo Limitation / Identification of rights licensed
o Extent of permitted use – whole or parto Exclusive or Non-exclusive – Licensor Limitation and
Conditions for Licenseeo Territoryo Sub-license and retention of right to license to others for
other uses
Considerationo Popular models
Fixed payment Royalty Fixed payment + Royalty
o Calculation, payment intervals, currencyo Account statementso Applicability of foreign exchange regulations
Contractual Provisions
Contractual ProvisionsTermination
o Term and renewal o Notice period for terminationo Specific conditions – material breaches
Failure to pay royalties Failure to maintain quality controls Failure to maintain confidentiality Failure to meet estimated sales targets/levels Breach of representations and warranties
Proprietary rightso Ownership – acknowledgement and waiver by Licenseeo Protection – support in registration
Infringemento By third party or of third party’so Right to defend – Licensor or Licenseeo Notice of infringement
Contractual Provisions
Confidentiality
o Definition and exemptions
Indemnification
o Notification of a claim
Liquidated damages
o Reasonable – anticipated or actual harm caused
Contractual Provisions
Dispute resolutiono Mutual negotiationso Arbitration – arbitral tribunal; jurisdiction; venue; language
Governing Law and Jurisdictiono Exclusion of laws and/or jurisdictiono Exclusive jurisdiction to courts of a country
Contractual Provisions
Himanshu ChaharC-10, Gulmohar Park,New Delhi – 110049
Tel: +91-11-41662861Fax: +91-11-41662862
E-mail: hchahar@lexcounsel.in; lexcounsel@lexcounsel.in
Recommended