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…
Microsoft Corp. and LG Electronics Inc. have announced in REDMOND, Washington. on Aug. 19, 2018 that they have entered into a patent cross-license agreement to further the development of the company’s current and future product lines. This agreement between Microsoft…
Every day, a number of products are being invented all over the world, some cascading over the improvement of existing inventions, and the others, portraying a unique set of methods and products unknown to man at large. Simultaneously, there is…