SUCCESSFUL TECHNOLOGY LICENSING (STL) Key Terms of a Licensing Agreement Cluster I an II : Subject...
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Transcript of SUCCESSFUL TECHNOLOGY LICENSING (STL) Key Terms of a Licensing Agreement Cluster I an II : Subject...
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SUCCESSFUL TECHNOLOGY LICENSING (STL)
Key Terms of a Licensing Agreement
Cluster I an II : Subject Matter and Scope
________________
INAPI – WIPOSantiago de Chile
Octubre 2013
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The key terms of a licensing agreement - are the vital elements in the structure of the licensing agreement.
The key terms of a licensing agreement - are the vital elements in the structure of the licensing agreement.
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I. Subject Matter: What is licensed?
II. Scope: What can you do with it?
III. Financial: What value is it? IV. Upgrades and maintenance: What will happen with it in the future?
I. Subject Matter: What is licensed?
II. Scope: What can you do with it?
III. Financial: What value is it? IV. Upgrades and maintenance: What will happen with it in the future?
Key Terms The Four Clusters
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Key Terms are Inter - Related with Business Objectives of the Negotiating Parties.
What do you want to achieve with the licensing agreement will influence your options related to key terms!
What is essential for you?
Key Terms are Inter - Related with Business Objectives of the Negotiating Parties.
What do you want to achieve with the licensing agreement will influence your options related to key terms!
What is essential for you?
Key Terms and Business Objectives
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What must you gain in order for this agreement to be worthwhile?
What is the best result that can be obtained?
What outcome do you want to avoid? From a business perspective, is the
best result a license to IP rights only (“pure IP license”) or a broader set of related agreements (“business partnership”)?
In what specific ways will this license make money for your business?
What must you gain in order for this agreement to be worthwhile?
What is the best result that can be obtained?
What outcome do you want to avoid? From a business perspective, is the
best result a license to IP rights only (“pure IP license”) or a broader set of related agreements (“business partnership”)?
In what specific ways will this license make money for your business?
Key Terms and Business Objectives What is the business reason for
the license?
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Define Your Business Objective ! Starting Point in Development of Your
Negotiation Strategy. Achieving Business Objective – Guiding
Principle During the Negotiation. “Win – Win” Solution – Corresponds to
the Business Objectives of Both Parties.
Define Your Business Objective ! Starting Point in Development of Your
Negotiation Strategy. Achieving Business Objective – Guiding
Principle During the Negotiation. “Win – Win” Solution – Corresponds to
the Business Objectives of Both Parties.
Key Terms and Business Objectives
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Chapter III: Cluster 1
The Subject Matter – Licensed Intellectual Property
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The Subject MatterWhat are you licensing? Define
and Include Relevant Documentation
Patent No. ____ The trademark ___ A protocol All rights necessarily
infringed by the X Standard
The X technology
Patent No. ____ The trademark ___ A protocol All rights necessarily
infringed by the X Standard
The X technology
Formula (to be completed….?)
The Product The Licensed Material Documentation Schematics As set forth in Appendix
A…
Formula (to be completed….?)
The Product The Licensed Material Documentation Schematics As set forth in Appendix
A…
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Common Problems•Who owns the IP? •Unfinished development•Patents not issued •Multiple parties•Pending claims •MOUs or Letters of Intent•Best efforts, good faith
•Who owns the IP? •Unfinished development•Patents not issued •Multiple parties•Pending claims •MOUs or Letters of Intent•Best efforts, good faith
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How Can You Clarify the Subject Matter?
• Confidentiality Agreements• Prototype agreements• Feasibility studies• Interim agreements addressing cost• Consultations with lawyers, experts• Study of documentation, databases• Study competing products
• Confidentiality Agreements• Prototype agreements• Feasibility studies• Interim agreements addressing cost• Consultations with lawyers, experts• Study of documentation, databases• Study competing products
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Smart Turbine (SM ) is a wind and solar energy collector;
Highly efficient due to specific turbine design, and also use of a new durable photovoltaic (PV) thin film;
Both elements of the system are integrated by using software to measure the energy flow and to increase synergy between the wind and solar elements;
Whenever the wind ceased, the solar collection intensify;
Whenever the sky is cloudy, the wind system become dominant.
Example – Smart Turbine Technology
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Copyright(Technical Documentation)
Know-how
Trademark
Ind.design
Patent 1 (Turbine)Patent 2
(Integration System)Patent 3 (Thin Film)
II. What the Licensor Want to License OUT
7. Claim
5. Claim
6. Claim
7. Claim
5. Claim
6. Claim
7. Claim
5. Claim
6. Claim
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Copyright(Software, Schematics, Documentation)
Trade SecretsKnow-how
Patent 2 (Integration System)
Patent 3 (Thin Film)
I. What the Licensee Wants to License IN
1. Claim
2. Claim
3. Claim
7. Claim
4. Claim
5. Claim
6. Claim
1. Claim
2. Claim
3. Claim
7. Claim
4. Claim
5. Claim
6. Claim
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Copyright(Software, Schematics, Documentation)
Trade SecretsKnow-how
Trademark
Ind.design
Patent 1 (Turbine)Patent 2
(Integration System)Patent 3 (Thin Film)
Subject Matter of the Imaginative “Smart Turbine” Licensing Agreement
1. Claim
2. Claim
3. Claim
7. Claim
4. Claim
5. Claim
6. Claim
1. Claim
2. Claim
3. Claim
7. Claim
4. Claim
5. Claim
6. Claim
1. Claim
2. Claim
3. Claim
7. Claim
4. Claim
5. Claim
6. Claim
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Chapter III: Cluster 2
The Scope of the Rights
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What and how broad rights your business model require?
Make, have made, use, sell, import, transfer, make improvements?
Copy, display, modify, make derivative works, distribute, transfer?
Conduct research and product development?
What and how broad rights your business model require?
Make, have made, use, sell, import, transfer, make improvements?
Copy, display, modify, make derivative works, distribute, transfer?
Conduct research and product development?
Scope of Rights
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A necessary risk (for Licensor)? What arguments can Licensee make for? What arguments can Licensor make
against? Possible means of protection against a
lazy, dishonest, or ineffective licensee: Minimum Royalties Time Limitation of Exclusivity Inefficiency as a Trigger for Contract Termination
A necessary risk (for Licensor)? What arguments can Licensee make for? What arguments can Licensor make
against? Possible means of protection against a
lazy, dishonest, or ineffective licensee: Minimum Royalties Time Limitation of Exclusivity Inefficiency as a Trigger for Contract Termination
Scope: Exclusive rights?
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Sublicensing? (consent required?) Field of use restrictions? Geographic territory?
Sublicensing? (consent required?) Field of use restrictions? Geographic territory?
Scope of Rights
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Common Problems in Cluster 2
• Scope too broad• Scope too vague• Scope too restricted (e.g. no right to
sell)• Exclusivity granted without
protections• Unclear how sublicenses are
administered• Grant backs that prevent the licensee
from creating advantage• Meaningless options
• Scope too broad• Scope too vague• Scope too restricted (e.g. no right to
sell)• Exclusivity granted without
protections• Unclear how sublicenses are
administered• Grant backs that prevent the licensee
from creating advantage• Meaningless options
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•Thank you for your attention and comments!
[email protected] •Thank you for your attention and comments!