License Contract. (1) The owner of a patent may, by contract, grant to a person, whether natural person or legal entity, a license enabling him to exploit the patented invention. (2) The duration of the license may not be longer than that of the patent. (3) The license contract shall be drawn up in writing and signed by the parties. (4) The license contract shall be entered in the Special Register of Patents. It shall not be binding on third parties until it is entered in the said Register and published in the form specified in the Implementing Regulations relating to this Annex. (5) The license shall be cancelled from the Register at the request of the owner of the patent or the licensee on presentation of proof of the expiry or termination of the license contract. (6) In the absence of provisions to the contrary in the license contract, the grant of a license shall not preclude the licensor from either granting licenses to other persons, subject to notifying the licensee, or exploiting the patented invention himself. (7) The grant of an exclusive license shall preclude the licensor from granting licenses to other persons and, in the absence of provisions to the contrary in the license contract, from exploiting the patented invention himself.
Appears in 6 contracts
Samples: Revising Agreement, Agreement Revising the Bangui Agreement, Agreement Revising the Bangui Agreement on the Creation of an African Intellectual Property Organization
License Contract.
(1) The owner of a patent may, by contract, grant to a person, whether natural person or legal entity, a license enabling him to exploit the patented invention.
(2) The duration of the license may not be longer than that of the patent.
(3) The license contract shall be drawn up in writing and signed by the parties.
(4) The license contract shall be entered in the Special Register of Patents. It shall not be binding on third parties until it is entered in the said Register and published in the form specified in the Implementing Regulations relating to this Annex.
(5) The license shall be cancelled from the Register at the request of the owner of the patent or the licensee on presentation of proof of the expiry or termination of the license contract.
(6) In the absence of provisions to the contrary in the license contract, the grant of a license shall not preclude the licensor from either granting licenses to other persons, subject to notifying the licensee, or exploiting the patented invention himself.
(7) The grant of an exclusive license shall preclude the licensor from granting licenses to other persons and, in the absence of provisions to the contrary in the license contract, from exploiting the patented invention himself.
Appears in 2 contracts
Samples: Bangui Agreement, Agreement Revising the Bangui Agreement
