Voluntary and compulsory license Sample Clauses

Voluntary and compulsory license. In some countries, when the owner of a patent, trademark or other registered intellectual property doesn’t apply to the use of the property and give others the permission to do so, the competent authority will have the power to register the property and grant the license to any qualified applicant. In this sense, the license contract is divided into voluntary and compulsory. "Voluntary license" is the standard license that has been dealt with in detail in this article. But "compulsory license" needs to be clarified. The history of compulsory license dates back to monopoly legislation of Britain in 1623; in 1803 compulsory license system was known as a part of the patent’s right law. The compulsory license is a permission issued by a competent national system and is awarded to the person applying for registration of a product or process without the consent of its owner’s use. Compulsory license is an exception to the rules relating to patents. In fact, this is a part of a social order that seeks to strike a balance between the exclusive rights of patent holder on the one hand and consumers’ rights on the other hand. (Xxxxxx, 2004, p. 173). It seems that the philosophy of compulsory license, is the principle of free competition, prohibition of monopoly, achieving public order and the interests of society; a person who disclose the technical knowledge and trade’s secrets, and registers them, is committed to operate or permit others to operate and receive the royalties. According to Article 48: "Patent act" of the United Kingdom passed in 1977, At any time after the expiration of three years, or of such other period as may be prescribed, from the date of the grant of a patent, any person may apply to the comptroller on one or more of the relevant grounds for a license under the patent; for an entry to be made in the register to the effect that licenses under the patent are to be available as of right; or where the applicant is a government department, for the grant to any person specified in the application of a license under the patent (Marret, 1991. P. 112). According to the Article 74 of the country's industrial property law of Mexico, if three years of the granting of the patent or four years after its application is passed, and the invention is not exploited yet, any beneficiary can request from the State Institute of Industrial Property to grant a compulsory license unless the patent holder have good reason for not using it. Compulsory license’ applicant...
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Related to Voluntary and compulsory license

  • Termination of License 3.2.1 The Bank shall have, in the event of the Customer’s breach of or default under this Agreement and/ or the Bank being of the view that the Customer is not co-operating and/or complying with the terms and conditions of this Agreement, a right to terminate this Agreement and the license granted hereunder, after issuing to the Customer a prior written notice of not less than 3 (three) months by registered post or speed post (and also by (i) email where email id of the Customer is available; and (ii) SMS and/or WhatsApp where the mobile phone number of the Customer is available) (“Termination Notice”).

  • Termination of Mediation The mediation shall be terminated:

  • Termination of Use or End of Season  At the conclusion of logging operations, ensure all conditions of these specifications have been met. Debris  Remove fallen timber, limbs, and stumps from the slopes, roadway, ditchlines, and culvert inlets. Do not undercut backslope No berms except as directed Keep clear of obstructions Add stable material or flume

  • Revocation of License To the extent the Respondent engages in similar activity that was the basis for this Agreement, Respondent affirmatively consents to the immediate revocation of any impacted mortgage loan originator license. Respondent further agrees to waive his or her right to a hearing, and to any reconsideration, appeal, or other rights which may be afforded to contest the revocation of the impacted mortgage loan originator license under this provision.

  • Termination of Use These terms and Your access to Our Website may be terminated by Us (at Our sole discretion) at any time without notice or any requirement to give You a reason why. In the event of termination under this clause We shall have no liability to You whatsoever (including for any consequential or direct loss You may suffer).

  • Termination by Licensee 10.1 Licensee will have the right at any time to terminate this Agreement in whole or as to any portion of Patent Rights by giving notice in writing to The Regents. Such Notice of Termination will be subject to Article 18. (Notices) and termination of this Agreement will be effective sixty (60) days after the effective date thereof.

  • The License 3.1.1 Subject to and in accordance with the terms and conditions set forth in this Agreement, and in particular subject to the due fulfillment of all the obligations assumed towards Maha-Metro by the Licensee, Maha-Metro hereby grants and authorizes the Licensee to the following (the “Specified Purpose”) :

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Termination by Licensor Licensor, at its option, may immediately terminate the Agreement, or any part of Patent Rights, or any part of Field, or any part of Territory, or the exclusive nature of the license grant, upon delivery of written notice to Licensee of Licensor’s decision to terminate, if any of the following occur:

  • Xxxxx of License; Limitations The Engineer is granted a limited revocable non-exclusive license to use the registered TxDOT trademark logo (TxDOT Flying “T”) on any deliverables prepared under this contract that are the property of the State. The Engineer may not make any use of the registered TxDOT trademark logo on any other materials or documents unless it first submits that request in writing to the State and receives approval for the proposed use. The Engineer agrees that it shall not alter, modify, dilute, or otherwise misuse the registered TxDOT trademark logo or bring it into disrepute.

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