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Lawyers drafting IP Licensing Agreements should understand the increasing importance of intellectual property transactions to business and corresponding legislative, regulatory, and judicial developments. Recent issues relating to licensing include, bankruptcy laws, enforcement of licensed patents, issues pertaining to right to sue, extensive indemnity provisions, antitrust consequences of reverse payment settlements, and the like. One of the latest cases in US is “WiAV Solutions LLC v. Motorola, Inc.”, wherein it was held that an exclusive licensee has standing to sue for infringement despite existence of others with right to grant sub-licenses.
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