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144 Implied obligation to pay a reasonable royalty for a patent

INTELLECTUAL PROPERTY vol 21(1) patents and technology transfer

144 Implied obligation to pay a reasonable royalty for a patent

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If a licence agreement is entered into and it does not address whether a royalty should be paid, there may

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(2) TECHNOLOGY TRANSFER AND LICENSING

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

151 Termination for failure to allow auditing of accounts—patent licences

152 Right to inspect accounts to continue after termination of a patent licence agreement

153 Maintaining patents in force, requirement to pay royalties

154 Requirement to bring or defend proceedings for patent infringement

155 No challenge clauses in intellectual property agreements—implied terms under English law where competition laws are not applicable

156 The meaning of a ‘business’—intellectual property agreements

157 Most favoured licensee clauses—patent licences

158 Normal terms of a patent licence

159 Periods of time—intellectual property agreements

160 Confidentiality obligations under intellectual property agreements

161 Service of notices—intellectual property agreements

162 Applicable law and jurisdiction—intellectual property agreements

163 Competition law—in general

164 Application of the Chapter I prohibition to technology transfer agreements