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Patent Licensing Basics

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A presentation on Patent Licensing Basics - Dr Kalyan C Kankanala

A presentation on Patent Licensing Basics - Dr Kalyan C Kankanala

Published in: Law
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  • 1. Copyright, BananaIP, 2010. Non-commercial use is permitted. Patent Licensing Basics Dr. Kalyan C. Kankanala BananaIP kalyan@bananaip.com 91-80-26860424/34 www.bananaip.com Blog: www.bananaip.com/sinapse-blog
  • 2. Transfer of Patents • Assignment • License
  • 3. Licensing Opportunities? • Patent Portfolio Analysis • Grouping • Validation and Strength Analysis • Valuation • Potential Licensees • Negotiation • Execution
  • 4. License • Authorization or Permission • Exclusive Rights • Territory • Writing • Signature • Register
  • 5. Types of Licenses • Exclusive • Non-exclusive • Sole
  • 6. Important clauses • Recitals • Definitions • Grant • Royalties • Term and Termination
  • 7. Recitals • Parties – Licensor/Licensee • Addresses • Dates • Background of the transaction
  • 8. Definitions • Interpretation clause • Consistently used words – Specific/certain/lucid • Attribute specific meaning • Apply to entire agreement
  • 9. Examples • Licensor shall mean ABC company having a place of business in Bangalore and shall include its subsidiaries, assignees and legal representatives. • Licensee shall mean Kalyan, resident of xyz, Bangalore and shall include his successors, assignees, administrators, executors and other legal representatives. • Licensed Patent shall mean patents granted in USA under patent numbers xxx, yyy and patent applications pending before Indian Patent Office having filing numbers xxx, and YYY.
  • 10. Grant Clause • Most important • Defines scope of agreement • States – Parties – Type – Subject – Rights – Territory – Term
  • 11. Example • Licensor grants to Licensee a nonexclusive license to use the Licensed Patent 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 Patent • Territory - India • Dates - January, 2005 to 1st January, 2006
  • 12. Other Grant Provisions • Field of Use • Sub-license • Grant back
  • 13. Term and Termination • Term • Events – Material Breach - Nonpayment of royalty, etc. – Bankruptcy – Insolvency – Act of god • Rights after termination • Confidentiality
  • 14. Royalty Clause • Type of Royalty – Lump sum royalty – Fixed Royalty – Running royalty • Combination. • Patent prosecution • Mode and Date of payment • Accounting and Record keeping • Non payment consequences.
  • 15. Milestones • Identification of a lead candidate for development • Filing of IND or equivalent • Completion of Phase I clinical trials • Completion of Phase II clinical trials • Completion of Phase III clinical trials • Filing of NDA or equivalent • Approval of NDA or equivalent
  • 16. Example – Pfizer-AVANT • Exclusive worldwide licence • to a therapeutic cancer vaccine candidate • Lumpsum - 40 million dollars • Investment - 10 million dollars in equity • Milestone payments - Upto 390 million dollars • Running royalty - double digits • Fund Research and Development
  • 17. Other Clauses • Indemnity • Warranty • Liability
  • 18. NRDC V. ABS • Patent License • Not registered • Expiry of patent term • License invalid
  • 19. Kinds • License • Cross License • DuPont and Bayer - Herbicide and Multi- insect control products • Patent Pool • Essential Patent Pool for AIDS • Open Source Projects • Human genome project
  • 20. Negotiation • Background research • Awareness of Patent Law • Technology understanding • Context and Culture • Bottom lines and Flexibilities
  • 21. Examples • CSIR Lab and Research Based Company • Diabetes research - License Terms • Indian Company and Foreign Pharma Major • Stem Cell patents - License Terms
  • 22. Wednesday, April 30, 2014 IP Resources • • www.sinapseblog.com • • www.patentpill.com
  • 23. Indian Patent law and Practice Patents play a very vital role in providing business and competitive advantage to knowledge driven companies. In order to maximize business benefits from inventive activities, companies must be aware of the dynamics of patent law and activities of competitors. Swift response to changes in law and patent behavior of other companies is necessary to deal with cut throat competition. The rapid progress of patent activity in India requires every organization to be alert and watchful in order to survive and succeed in the market place. For more information on the book please visit: www.indianpatentlaw.com Wednesday, April 30, 2014
  • 24. Any Questions, Comments or Observations? For further information, please visit –www.bananaip.com/sinapse-blog

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