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IP Licensing - Presentation by Dr. Kalyan C. Kankanala
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Copyright, BananaIP, 2014
Dr. Kalyan Kankanala,kalyan@bananaip.com
www.bananaip.comBlog: www.bananaip.com/sinapse-blog
IP Licensing
Intellectual Property
Copyright, BananaIP, 2014
• Subject Matter
• Species of IP
• Patents
• Copyrights
• Trade Secrets
Transfer of IP
Copyright, BananaIP, 2014
• Assignment
• License
• Exclusive
• Non exclusive
• Sole
• Proprietary
• Open Source
• Free
• Standard
• Shrink wrap
• Click wrap
• Browse wrap
Classification
Copyright, BananaIP, 2014
Important clauses
Copyright, BananaIP, 2014
• Recitals
• Definitions
• Grant
• Royalties
• Term and Termination
Recitals
Copyright, BananaIP, 2014
• Parties – Licensor/Licensee
• Addresses
• Dates
• Background of the transaction
Definitions
Copyright, BananaIP, 2014
• Interpretation clause
• Consistently used words: Specific/certain/lucid
• Attribute specific meaning
• Apply to entire agreement
Examples
Copyright, BananaIP, 2014
• "Licensed Software" shall mean the proprietary software of the Licensor, entitled 'TalkSoft', for voice enabled screen reading.
• "Licensed Intellectual Property" shall mean
• a. Patents and patent applications covering the Licensed Software in USA and India, bearing numbers In123, and US879; and
• b. Copyrights over the object code, source code, and interfaces of the Licensed Software.
Grant Clause
Copyright, BananaIP, 2014
• Most important• Defines scope of agreement• States• Parties• Type• Subject• Rights• Territory• Term
Example
Copyright, BananaIP, 2014
• Licensor grants to Licensee a nonexclusive license to use the Licensed Software within the territory of India from 1st January, 2005 to 1st January, 2006.
• This clause specifies • Who grants to whom -Licensor to Licensee.• Type of license - Nonexclusive License• Rights – Use Licensed Software• Territory - India• Dates - January, 2005 to 1st January, 2006
Term and Termination
Copyright, BananaIP, 2014
• Term• Events
• Material Breach - Nonpayment of royalty, etc.• Bankruptcy• Insolvency• Act of god
• Rights after termination• Confidentiality
Royalty Clause
Copyright, BananaIP, 2014
• Type of Royalty
• Lump sum royalty
• Fixed Royalty
• Running royalty
• Combination
• Mode and Date of payment
• Accounting and Record keeping
• Non payment consequences
Example
Copyright, BananaIP, 2014
• XYZ agrees to pay ABC, a royalty of Twenty-Thousand-Dollars ($ 20,000) per every Calendar Year after the first year from the Effective Date. For the first Calendar Year, XYZ shall pay ABC a fixed royalty of Ten-Thousand Dollars ($ 10,000). Such sum shall be paid on or before December 11th of every Calendar Year.
Other Clauses
Copyright, BananaIP, 2014
• Indemnity
• Warranty
• Liability
Open Source Licenses
Copyright, BananaIP, 2014
• Principles
• Free Distribution
• Source Code
• Attribution
• No Warranty/Liability
• License
Examples
Copyright, BananaIP, 2014
• Viral - GPL
• Flexible - BSD
• Restrictive - MPL
Copyright, BananaIP, 2014
www.bananaip.com/ipprofessor
kalyan@bananaip.com
Questions, Comments or Observations?
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