key aspect in IPR

Topics: License, Copyright, Royalties Pages: 57 (14690 words) Published: October 20, 2013
Chapter 13
KEY ASPECTS
OF
IP LICENSE AGREEMENTS

© 2007 Donald M. Cameron
Ogilvy Renault LLP

The author thanks Rowena Borenstein for her assistance in writing an earlier version of this paper.

TABLE OF CONTENTS
1.

Defining Intellectual Property Rights ............................................................................................... 1 (a) Patents.......................................................................................................................................... 1 (b) Trade-marks ................................................................................................................................. 2 (c) Copyright....................................................................................................................................... 3 (d)

2.

“Soft IP Rights” ............................................................................................................................ 4

Skeleton of a License Agreement..................................................................................................... 5 (a) Identification of the Parties ........................................................................................................... 6 (b) Recitals ......................................................................................................................................... 6 (c) Definitions ..................................................................................................................................... 6 (d) License Grant ............................................................................................................................... 7 (e) Compensation............................................................................................................................... 7 (f)

Obligations of the Parties ............................................................................................................. 7

(g) Term and Termination .................................................................................................................. 7 (h) Conflict Resolution........................................................................................................................ 7 (i)

3.

Other Common Clauses ............................................................................................................... 8

Grant of Rights ................................................................................................................................... 8 (a) Degrees of Exclusivity .................................................................................................................. 8 (b) Sublicenses .................................................................................................................................. 9 (c) Scope of Grant.............................................................................................................................. 9 (d) Implied Rights and other Restrictions......................................................................................... 11

4.

Negotiating the Appropriate Compensation.................................................................................. 11 (a) Royalties and License Fees ....................................................................................................... 12 (b) Negotiating a “Reasonable Royalty”........................................................................................... 13 (c) “Most Favoured Nations” Clause ................................................................................................ 13 (d) Basis for Royalty Calculation...................................................................................................... 14 (e) Minimums and Maximums.......................................................................................................... 14 (f)

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