The Paris Convention provides an 18 month period for a party obtaining a patent in one country to file applications in other member countries.

The compensation paid to the owner of IPR by a licensee is known as:

International IP Strategy

IP licenses for less than a year need not be in writing.

A clause in a licensing contract that requires any improvement made by the licensee to be assigned to the licensor is called:

IPR contracts have both express and implied provisions.

When one person receives a consent to use another person’s invention, even though there is no discussion to pay a royalty, the law implies that the user must pay compensation to the inventor.

An improvement to a licensed technology made by a licensee automatically becomes the property of the licensor.

The U.S. Supreme Court held that an agreement that extends royalty payments beyond the life of a patent is enforceable.

Some countries require notarial seal in order to transfer intellectual property rights (IPR).