Introduction Global licensing of patents has become a major aggregator in pushing growth of technology and industries in the world at large. The intellectual property sector is booming and one major reason is people having realised the importance of owning…
INTRODUCTION The patent owner can transfer his rights over his patent to the third person with a mutual agreement containing the terms and conditions. By obtaining this license, the licensee can make, sell, and use a patented invention. Documentation and…
Introduction Turkey has become a regional economic powerhouse with a flourishing economy and a thriving tech sector which attracts the businesses and individuals eager to capitalize on its market opportunities. As the competition is growing day by day it is…
Recently, TOT Power Control, S.L. (“TOT”), a technology and patent licensing entity has filed a complaint against Apple, Inc. (“Apple”) alleging infringement of two of TOT’s patents. The complaint has been filed in the District Court of Delaware alleging for…
Under the pre-2004 provisions of the Patents Act, section 55 of the Patents Act provided that an application may be made to court for the grant of a license after 3 years from the date of the grant of a…
Intellectual property rights (IPR) have come to be a crucial asset in improving businesses in today’s global economy. They’re pivotal with regard to the success of small and medium-sized enterprises (SME) by way of providing a safeguard to their innovations…
A patent license agreement is an arranged understanding between a patent holder and a licensee. When the parties have arranged the particulars of an understanding, the parties enter into an agreement where the patent holder (licensor) consents to permit the…
The word Intellectual Property (IP) signifies the creations of the human mind. For instance, literary and artistic works; inventions; designs; symbols, names and images used in commercial ventures. Even though, Intellectual Property is an extremely powerful tool for economic development…
What is Patent Licensing? Licensing is a process where the owner of the product gives permission to another entity who can extract benefit from the licensed product. Same as that licensing a patent means the owner is giving access to…
When the iPhone 7 was unveiled and Apple confirmed that the headphone jack, an undying invention since the 19th century, wouldn’t be a feature anymore, the whole world went berserk. In the absence of a headphone jack, users were forced…