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133 Consequences of termination of intellectual property agreements

INTELLECTUAL PROPERTY vol 21(1) patents and technology transfer

133 Consequences of termination of intellectual property agreements

| Commentary

After an agreement is terminated either party may call for an account of any

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(2) TECHNOLOGY TRANSFER AND LICENSING

134 Position of sub-licensees on termination of a patent licence

135 Where a licence agreement terminates on expiry of a patent

136 Termination and the effect of invalidity rights on patent licence

137 Implied terms in patent licences—general rule

138 Implied covenants and warranties (concerning title, non-infringement and validity) in patent licences

139 Implied terms under patent licences—interference and threats by licensor

140 Implied licence to use and sell a patented article by a buyer of the patented article

141 Implied warranty as to quiet enjoyment—patented articles

142 No implied obligation to exploit under a patent licence

143.1 Introduction

143.2 Best endeavours

143.3 Reasonable endeavours

143.4 All reasonable endeavours

144 Implied obligation to pay a reasonable royalty for a patent

145 The payment of interest on royalties for patents

146 Whether time is of the essence for the payment of patent royalties

147 Currency in which patent royalties should be paid and reference to ‘pounds’

148 Payment of royalties beyond the scope of a patent, after the expiration of a patent or termination of a licence

149 Royalty sharing (‘royalty stacking’)—IP licences

150 Other points arising on the payment of patent royalties