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A competent broker should be able to explain to the inventor or patent owner the spectrum of values that may be assessed to a patent depending on the situation or motivation of the buyer in the market. In addition, in bringing buyers and sellers together, an intellectual property broker may provide any or all of the following services: [1]
A contingent contract is an agreement that states which actions under certain conditions will result in specific outcomes. [1] Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions ...
In July 2011, Motorola responded by filing patent infringement cases against Microsoft in Germany for many products that employed the standards owned by Motorola. Motorola's RAND contracts were directly between Motorola and a standard-setting organization; Microsoft as a third party was not recognized as an involved party by German patent law. [2]
LGE's complaint does not include a breach-of-contract claim, and we express no opinion on whether contract damages might be available even though exhaustion operates to eliminate patent damages. By the same token, the Court said nothing as to specific performance or whether contract rights, if any, could be enforced against Quanta.
Standard-setting organizations commonly adopt policies that govern the ownership of patent rights that apply to the standards they adopt (the patent policy). In the United States, the patent holder's agreement to adhere by the patent policy creates a legally binding contract, as the Court of Appeals for the Ninth Circuit ruled in Microsoft v.
In August 2006, United States Army Lieutenant Colonel Marshall Gutierrez, a senior logistics officer in Kuwait, was arrested, and was accused of shaking down a laundry contractor for a $3,400 bribe. After his arrest, he was released to his quarters and was found dead a few days later next to an empty bottle of prescription sleeping pills and an ...
In patent law, a patent pool is a consortium of two or more companies agreeing to cross-license patents relating to a particular technology.The creation of a patent pool can save patentees and licensees time and money, and, in case of blocking patents, it may also be the only reasonable method for making the invention available to the public. [1]
Other non-patent intellectual property such as copyright and trademark can also be cross-licensed. For example, a literary work and an anthology that includes that literary work may be cross-licensed between two publishers. A cross-license for computer software may involve a combination of patent, copyright, and trademark licensing.
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