The owner of IP may seek a cease and desist order from the International Trade Commission to prevent the importation of gray market goods.

The most valuable type of license is an exclusive license.

The licensor pays the licensee a royalty for the use of IPR.

Strategies for protecting IP includes:

A hybrid license consists of the licensing of IP rights and non-IP rights.

For an IP license to be legally valid and enforceable in Russia it must:

A _________________ in a licensee agreement will often prohibit the use of know-how or confidential information after the license comes to an end:

Regional Patents can be obtained at

Under European Union law, a license may prohibit the licensee from making unsolicited or passive sales to buyers outside the licensee’s territory.

In determining a royalty payment, the use of gross sales is generally favorable to the licensee, while net sales favor the licensor.