Remove 2002 Remove Invention Remove Licensing
article thumbnail

Intersection of Intellectual Property Law and Competition Law with respect to Cross Licensing Agreements

IIPRD

This has led to the introduction of intellectual property rights which are a set of exclusionary rights as it excludes the world from enjoying a set of rights arising out an invention or creation, except the inventor or creator. Cross-licensing agreements can both restrain and advance competition.

article thumbnail

Covenant to not sue “at any time” terminated with the license agreement

Patently-O

provides a lesson into the importance of carefully drafting—and understanding—the scope of licensing terms, especially covenants not to sue. Background In 2005, AlexSam licensed its prepaid card patents to MasterCard in exchange for ongoing royalties based on the number of “Licensed Transactions.” MasterCard Intl.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zolgensma and the Inadequacies of the Compulsory Licensing Regime

SpicyIP

Zolgensma and the Inadequacies of the Compulsory Licensing Regime. Compulsory Licensing: Chinks in the Armor. The TRIPS Agreement has incorporated certain fail-safes in the form of Compulsory Licenses for when patents are seen to be acting contrary to public need. The invention not being reasonably affordable.

Licensing 113
article thumbnail

On Sale Bar – Sales require Consideration, not necessarily Money Payment

Patently-O

The “on sale bar” prohibits patenting an invention that was placed “on sale” prior to the application being filed. 126 (1877) (delay excused by “bona fide effort to bring his invention to perfection, or to ascertain whether it will answer the purpose intended”). 2002) (offer to make a “remote database object.

article thumbnail

Artificial Intelligence (AI) Patent Filings Continue Explosive Growth Trend at the USPTO

LexBlog IP

At the end of 2020, the USPTO published a report finding an exponential increase in the number of patent application filings from 2002 to 2018. In the last quarter of 2020, the United States Patent and Trademark Office (USPTO) reported that patent filings for Artificial Intelligence (AI) related inventions more than doubled from 2002 to 2018.

article thumbnail

The Fintech Revolution And The Its Adoption By Financial Regulatories

IP and Legal Filings

Therefore, credit cards are considered the first invention towards financial technology. Since then, modifications and inventions have resulted in its evolution in various sectors ranging from Banking and Finance to its introduction in our everyday services such as online grocery shopping, cab service, food service etc. Act, 2007. [ii]

article thumbnail

Competition Law: The Patent Pendulum

Intepat

When an inventor is granted exclusive rights over their inventions for a specific period of time, it provides a return on their investment in terms of time, resources and capital. The idea that a specific invention will allow the inventor to reap benefits has a direct effect on incentivising inventors to create and invent more.

Law 52